KKR & Co. Inc. (NYSE:KKR) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the asset manager’s stock after selling 10,500 shares during the quarter. KKR & Co. Inc. accounts for 1.4% of Teton Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Teton Advisors Inc.’s holdings in KKR & Co. Inc. were worth $4,142,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth $30,000. Missouri Trust & Investment Co lifted its holdings in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares during the period. First United Bank & Trust purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $41,000. Finally, NBC Securities Inc. acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $0.31 during trading hours on Monday, reaching $95.23. 3,229,161 shares of the company traded hands, compared to its average volume of 3,451,890. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm’s 50-day moving average is $97.57 and its 200-day moving average is $83.66. The stock has a market cap of $84.28 billion, a P/E ratio of 23.34, a P/E/G ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. Equities research analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KKR. Barclays increased their price target on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. JMP Securities boosted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, TD Cowen lifted their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.64.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.