Frontier Capital Management Co. LLC Has $89.90 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Frontier Capital Management Co. LLC reduced its holdings in KKR & Co. Inc. (NYSE:KKR) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 607,824 shares of the asset manager’s stock after selling 225,316 shares during the period. KKR & Co. Inc. accounts for about 0.9% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 19th largest holding. Frontier Capital Management Co. LLC owned about 0.07% of KKR & Co. Inc. worth $89,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KKR. Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $45,000. Fulton Bank N.A. raised its position in KKR & Co. Inc. by 8.2% during the fourth quarter. Fulton Bank N.A. now owns 17,182 shares of the asset manager’s stock worth $2,541,000 after acquiring an additional 1,301 shares in the last quarter. First Hawaiian Bank bought a new stake in KKR & Co. Inc. during the fourth quarter worth $274,000. Baker Tilly Wealth Management LLC lifted its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock valued at $871,000 after acquiring an additional 81 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of KKR & Co. Inc. by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 12,184 shares of the asset manager’s stock valued at $1,802,000 after acquiring an additional 296 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $116.26 on Thursday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm’s 50-day simple moving average is $111.37 and its 200 day simple moving average is $136.46. The firm has a market cap of $103.27 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91.

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

KKR & Co. Inc. Increases Dividend

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

Analysts Set New Price Targets

KKR has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday. Citigroup cut their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Bank of America decreased their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.73.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

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.