Mill Creek Capital Advisors LLC Has $347,000 Stock Holdings in KKR & Co. Inc. $KKR

Mill Creek Capital Advisors LLC lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 14.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the asset manager’s stock after selling 500 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in KKR & Co. Inc. were worth $347,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Northwest & Ethical Investments L.P. lifted its stake in shares of KKR & Co. Inc. by 253.6% during the first quarter. Northwest & Ethical Investments L.P. now owns 11,245 shares of the asset manager’s stock valued at $1,298,000 after acquiring an additional 8,065 shares during the period. Partners Group Holding AG lifted its stake in shares of KKR & Co. Inc. by 32.6% during the first quarter. Partners Group Holding AG now owns 494,616 shares of the asset manager’s stock valued at $57,183,000 after acquiring an additional 121,564 shares during the period. Cresset Asset Management LLC lifted its stake in shares of KKR & Co. Inc. by 9.2% during the first quarter. Cresset Asset Management LLC now owns 39,005 shares of the asset manager’s stock valued at $4,509,000 after acquiring an additional 3,284 shares during the period. Ethic Inc. lifted its stake in shares of KKR & Co. Inc. by 49.7% during the first quarter. Ethic Inc. now owns 6,190 shares of the asset manager’s stock valued at $729,000 after acquiring an additional 2,054 shares during the period. Finally, Aberdeen Group plc lifted its stake in shares of KKR & Co. Inc. by 23.5% during the first quarter. Aberdeen Group plc now owns 266,649 shares of the asset manager’s stock valued at $30,466,000 after acquiring an additional 50,779 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 2.6%

Shares of KKR & Co. Inc. stock opened at $142.28 on Monday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The business has a 50-day moving average of $137.80 and a two-hundred day moving average of $126.79. The company has a market capitalization of $126.76 billion, a P/E ratio of 66.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The business 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 period last year, the company earned $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KKR shares. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, JMP Securities reissued 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. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.73.

Insider Buying and Selling

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

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.