Frontier Capital Management Co. LLC Increases Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Frontier Capital Management Co. LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,084,347 shares of the asset manager’s stock after purchasing an additional 6,904 shares during the quarter. KKR & Co. Inc. makes up approximately 0.9% of Frontier Capital Management Co. LLC’s holdings, making the stock its 21st biggest position. Frontier Capital Management Co. LLC owned about 0.12% of KKR & Co. Inc. worth $89,838,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KKR. Norges Bank purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $649,798,000. Winslow Capital Management LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $344,354,000. Wellington Management Group LLP raised its stake in KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after acquiring an additional 3,794,837 shares during the period. Capital International Investors lifted its holdings in KKR & Co. Inc. by 1.9% during the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after purchasing an additional 805,122 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of KKR & Co. Inc. by 325.2% in the fourth quarter. Sei Investments Co. now owns 865,628 shares of the asset manager’s stock worth $71,717,000 after purchasing an additional 662,050 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of several recent analyst reports. Jefferies Financial Group dropped their target price on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a report on Thursday, May 9th. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, Barclays boosted 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 equities research 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. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Insider Buying and Selling 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 on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. Insiders acquired 2,814,013 shares of company stock worth $71,428,603 over the last 90 days. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.2 %

NYSE:KKR traded up $0.19 during midday trading on Tuesday, hitting $109.14. 4,101,003 shares of the company traded hands, compared to its average volume of 3,731,084. The firm’s fifty day moving average is $100.18 and its 200-day moving average is $92.40. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $110.72. The firm has a market capitalization of $96.85 billion, a P/E ratio of 24.43, a P/E/G ratio of 0.85 and a beta of 1.63. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

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

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.