Principal Street Partners LLC Trims Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Principal Street Partners LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 7.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,394 shares of the asset manager’s stock after selling 418 shares during the period. Principal Street Partners LLC’s holdings in KKR & Co. Inc. were worth $798,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $34,000. Cassady Schiller Wealth Management LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $36,000. Finally, HM Payson & Co. lifted its stake in KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock worth $41,000 after purchasing an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This trade represents a 31.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Scully purchased 13,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $125.44 on Tuesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm has a market cap of $111.72 billion, a P/E ratio of 37.67, a PEG ratio of 1.00 and a beta of 1.91. The stock has a fifty day moving average price of $112.44 and a two-hundred day moving average price of $135.54. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company’s quarterly revenue was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.’s payout ratio is presently 31.22%.

Analyst Ratings Changes

KKR has been the subject of several research reports. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price target for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Bank of America lowered their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Finally, JMP Securities cut their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Buy” and an average price target of $149.14.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.