Mercer Global Advisors Inc. ADV Cuts Position in KKR & Co. Inc. (NYSE:KKR)

Mercer Global Advisors Inc. ADV reduced its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,771 shares of the asset manager's stock after selling 10,582 shares during the period. Mercer Global Advisors Inc. ADV's holdings in KKR & Co. Inc. were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $36,000. Finally, HM Payson & Co. raised its stake in KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after buying an additional 272 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now owns 13,250 shares in the company, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KKR shares. 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 Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Barclays increased their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and an average price target of $147.00.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $0.77 on Friday, reaching $117.96. 4,073,129 shares of the stock were exchanged, compared to its average volume of 5,007,759. The company's 50-day simple moving average is $111.06 and its two-hundred day simple moving average is $136.14. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $104.78 billion, a PE ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. 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. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.97 EPS. The company's revenue for the quarter was down 67.8% on a year-over-year basis. Analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

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.