The Manufacturers Life Insurance Company Sells 824,804 Shares of KKR & Co. Inc. (NYSE:KKR)

The Manufacturers Life Insurance Company lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,728,192 shares of the asset manager's stock after selling 824,804 shares during the period. KKR & Co. Inc. accounts for approximately 0.9% of The Manufacturers Life Insurance Company's holdings, making the stock its 12th biggest position. The Manufacturers Life Insurance Company owned 0.76% of KKR & Co. Inc. worth $995,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KKR. Farmers & Merchants Investments Inc. grew its holdings in KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock worth $64,000 after buying an additional 65 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of KKR & Co. Inc. by 0.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after purchasing an additional 69 shares during the period. Ballentine Partners LLC raised its stake in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock worth $191,000 after purchasing an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 0.3 %

NYSE KKR traded up $0.40 during trading on Thursday, reaching $114.67. 5,459,185 shares of the company's stock were exchanged, compared to its average volume of 4,999,200. 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 fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company's fifty day simple moving average is $113.06 and its 200-day simple moving average is $137.21. The firm has a market capitalization of $101.85 billion, a PE ratio of 34.43, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.06). KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. During the same quarter in the previous year, the company earned $0.97 EPS. The firm's revenue was down 67.8% on a year-over-year basis. Sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio is 21.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KKR. Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $144.93.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company 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.