Webster Bank N. A. Sells 182 Shares of KKR & Co. Inc. (NYSE:KKR)

Webster Bank N. A. decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 9.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,751 shares of the asset manager’s stock after selling 182 shares during the quarter. Webster Bank N. A.’s holdings in KKR & Co. Inc. were worth $176,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in KKR & Co. Inc. in the 4th quarter valued at $3,932,000. Wellington Management Group LLP grew its holdings in shares of KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Virtu Financial LLC increased its stake in KKR & Co. Inc. by 184.6% in the 4th quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock worth $3,854,000 after buying an additional 30,173 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at about $9,636,000. Finally, Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after buying an additional 1,728,782 shares during the period. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group decreased their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.43.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $105.24 on Friday. The company has a 50 day moving average of $103.26 and a two-hundred day moving average of $95.64. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $52.95 and a twelve month high of $113.91. The company has a market cap of $93.39 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The business had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. As a group, analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.67%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Company Profile

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.