KKR & Co. Inc. (NYSE:KKR) Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 167,725 shares of the asset manager’s stock after selling 5,379 shares during the quarter. KKR & Co. Inc. comprises about 1.5% of Levin Capital Strategies L.P.’s holdings, making the stock its 20th biggest position. Levin Capital Strategies L.P.’s holdings in KKR & Co. Inc. were worth $13,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in KKR & Co. Inc. in the third quarter worth about $493,000. Exchange Traded Concepts LLC raised its position in KKR & Co. Inc. by 14,032.1% in the third quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after acquiring an additional 3,929 shares in the last quarter. NBC Securities Inc. bought a new stake in KKR & Co. Inc. in the third quarter worth about $43,000. Ramirez Asset Management Inc. bought a new stake in KKR & Co. Inc. in the third quarter worth about $62,000. Finally, Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KKR shares. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Barclays boosted their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen cut their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction 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 disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $1.90 during midday trading on Thursday, hitting $97.02. The company had a trading volume of 4,683,313 shares, compared to its average volume of 3,489,031. The business’s 50 day simple moving average is $97.60 and its two-hundred day simple moving average is $83.97. The stock has a market cap of $85.86 billion, a PE ratio of 23.69, a P/E/G ratio of 0.86 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. 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 announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping 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 net margin of 25.74% and a return on equity of 4.21%. As a group, equities analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. KKR & Co. Inc.’s payout ratio is 16.18%.

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.