Teton Advisors Inc. Has $2.08 Million Position in KKR & Co. Inc. $KKR

Teton Advisors Inc. trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 13.5% during the first quarter, HoldingsChannel.com reports. The fund owned 18,000 shares of the asset manager’s stock after selling 2,800 shares during the period. KKR & Co. Inc. makes up approximately 1.3% of Teton Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Teton Advisors Inc.’s holdings in KKR & Co. Inc. were worth $2,081,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after buying an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares in the last quarter. Nuveen LLC acquired a new position in KKR & Co. Inc. in the 1st quarter worth $844,137,000. Nuveen Asset Management LLC increased its holdings in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after purchasing an additional 3,391,581 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of KKR & Co. Inc. by 10.8% in the fourth quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager’s stock valued at $909,741,000 after purchasing an additional 600,696 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, Chairman Henry R. Kravis sold 1,150,469 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman owned 82,171,884 shares of the company’s stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,281,394 shares of company stock worth $413,158,033 over the last three months. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $138.4040 on Tuesday. The business has a 50-day simple moving average of $139.66 and a two-hundred day simple moving average of $126.11. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The stock has a market cap of $123.31 billion, a PE ratio of 64.37, a PEG ratio of 1.56 and a beta of 1.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the firm posted $1.09 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 34.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KKR shares. JMP Securities restated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price target on the stock. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.73.

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.