Fairview Capital Investment Management LLC Invests $204,000 in KKR & Co. Inc. (NYSE:KKR)

Fairview Capital Investment Management LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,026 shares of the asset manager’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in KKR. Capital International Investors grew its holdings in KKR & Co. Inc. by 1.9% during the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after purchasing an additional 805,122 shares during the period. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after buying an additional 1,728,782 shares during the last quarter. Capital World Investors increased its holdings in KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. Wellington Management Group LLP increased its stake in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after acquiring an additional 11,134,363 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in KKR & Co. Inc. by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock valued at $845,324,000 after buying an additional 365,449 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, July 8th. JMP Securities boosted their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Keefe, Bruyette & Woods raised their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Trading Up 1.5 %

KKR traded up $1.80 during trading on Friday, hitting $118.51. The company’s stock had a trading volume of 3,480,322 shares, compared to its average volume of 3,839,762. The firm’s 50 day moving average price is $108.33 and its 200-day moving average price is $99.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $120.14. The stock has a market cap of $105.17 billion, a PE ratio of 26.57, a PEG ratio of 1.06 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The business had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

About KKR & Co. Inc.

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.