Mackenzie Financial Corp Cuts Stock Position in KKR & Co. Inc. (NYSE:KKR)

Mackenzie Financial Corp decreased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,598 shares of the asset manager's stock after selling 6,247 shares during the quarter. Mackenzie Financial Corp's holdings in KKR & Co. Inc. were worth $8,371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KKR. Arete Wealth Advisors LLC raised its position in shares of KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock valued at $1,321,000 after buying an additional 2,749 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in KKR & Co. Inc. by 50.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after acquiring an additional 38,524 shares in the last quarter. Systematic Alpha Investments LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $423,000. Schroder Investment Management Group raised its holdings in shares of KKR & Co. Inc. by 19.5% in the fourth quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock valued at $11,884,000 after purchasing an additional 13,065 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of KKR & Co. Inc. by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 92,566 shares of the asset manager's stock worth $13,691,000 after purchasing an additional 13,353 shares during the period. Institutional investors own 76.26% of the company's stock.

Insider Activity

In related news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.9%

Shares of KKR & Co. Inc. stock traded down $1.05 during trading on Friday, hitting $121.28. The stock had a trading volume of 6,807,795 shares, compared to its average volume of 5,029,528. The firm's fifty day simple moving average is $113.13 and its 200-day simple moving average is $134.17. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $108.02 billion, a PE ratio of 36.42, a PEG ratio of 1.00 and a beta of 1.91.

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

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

KKR has been the subject of several recent research reports. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Barclays lifted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Buy" and an average price target of $149.43.

KKR & Co. Inc. Profile

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.