Aviance Capital Partners LLC Trims Stake in KKR & Co. Inc. (NYSE:KKR)

Aviance Capital Partners LLC decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,137 shares of the asset manager’s stock after selling 620 shares during the quarter. Aviance Capital Partners LLC’s holdings in KKR & Co. Inc. were worth $215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted 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 worth $26,000 after purchasing an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. during the first quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $30,000. Missouri Trust & Investment Co lifted its holdings in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after acquiring an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $41,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of analyst reports. Jefferies Financial Group decreased their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $116.00 target price on shares of KKR & Co. Inc. in a report on Friday, June 21st. Finally, Barclays boosted their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $99.43.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $0.48 during midday trading on Monday, reaching $104.76. 402,903 shares of the company traded hands, compared to its average volume of 5,148,639. The firm has a market capitalization of $92.96 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. The business has a 50 day moving average of $103.26 and a two-hundred day moving average of $95.76. KKR & Co. Inc. has a 12 month low of $52.95 and a 12 month high of $113.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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 business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction dated 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 purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

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.