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

Frontier Capital Management Co. LLC lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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. comprises 0.9% of Frontier Capital Management Co. LLC’s holdings, making the stock its 19th biggest holding. Frontier Capital Management Co. LLC’s holdings in KKR & Co. Inc. were worth $89,903,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in KKR & Co. Inc. during the 4th quarter worth $1,435,314,000. GQG Partners LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $325,752,000. Proficio Capital Partners LLC grew its holdings in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $147,910,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $116.26 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm’s 50-day moving average price is $111.37 and its 200-day moving average price is $136.46. The firm has a market capitalization of $103.27 billion, a P/E ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was down 67.8% on a year-over-year basis. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal 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 dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s payout ratio is currently 31.22%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Morgan Stanley lifted their price target on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday. TD Cowen decreased their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Finally, Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.73.

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.