Cacti Asset Management LLC Sells 5,500 Shares of KKR & Co. Inc. (NYSE:KKR)

Cacti Asset Management LLC decreased its position in KKR & Co. Inc. (NYSE:KKR) by 11.4% during the 1st quarter, Holdings Channel reports. The firm owned 42,630 shares of the asset manager’s stock after selling 5,500 shares during the quarter. KKR & Co. Inc. makes up 0.3% of Cacti Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Cacti Asset Management LLC’s holdings in KKR & Co. Inc. were worth $4,285,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HighPoint Advisor Group LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $402,000. Quadrature Capital Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $3,932,000. Grayhawk Investment Strategies Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $926,000. Leo Wealth LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $257,000. Finally, Sivia Capital Partners LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $265,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction 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 $413,501,375.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 cost 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 of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Up 0.8 %

NYSE KKR traded up $0.87 during trading hours on Tuesday, reaching $111.04. 1,773,067 shares of the company’s stock were exchanged, compared to its average volume of 3,821,858. The company’s 50-day moving average is $101.22 and its two-hundred day moving average is $93.75. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $113.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $98.54 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. On average, analysts forecast that KKR & Co. Inc. will post 4.06 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.63%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Analyst Ratings Changes

KKR has been the topic of a number of research reports. JMP Securities upped their target price 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 restated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. TD Cowen cut 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. Finally, StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has assigned 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 $98.57.

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.