Manchester Capital Management LLC Has $327,000 Stake in KKR & Co. Inc. (NYSE:KKR)

Manchester Capital Management LLC raised its stake in KKR & Co. Inc. (NYSE:KKR) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,251 shares of the asset manager’s stock after buying an additional 250 shares during the period. Manchester Capital Management LLC’s holdings in KKR & Co. Inc. were worth $327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $58,000. Wellington Management Group LLP grew its position in shares of KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after buying an additional 3,794,837 shares during the period. American Century Companies Inc. increased its stake in shares of KKR & Co. Inc. by 11.7% in the 3rd quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock valued at $5,726,000 after acquiring an additional 9,763 shares in the last quarter. Finally, Okabena Investment Services Inc. lifted its position in shares of KKR & Co. Inc. by 4.6% during the 3rd quarter. Okabena Investment Services Inc. now owns 28,813 shares of the asset manager’s stock valued at $1,775,000 after acquiring an additional 1,280 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Jefferies Financial Group dropped their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. JMP Securities boosted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.07.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $1.33 during mid-day trading on Friday, hitting $110.18. The company had a trading volume of 572,102 shares, compared to its average volume of 5,008,135. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market capitalization of $97.77 billion, a P/E ratio of 24.39, a P/E/G ratio of 0.94 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $113.91. The stock’s 50 day moving average price is $105.21 and its 200-day moving average price is $97.04.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. Equities research analysts forecast that KKR & Co. Inc. will post 4.1 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.175 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.64%. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s payout ratio is currently 15.70%.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.