Mayflower Financial Advisors LLC Decreases Holdings in KKR & Co. Inc. (NYSE:KKR)

Mayflower Financial Advisors LLC decreased its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,678 shares of the asset manager’s stock after selling 344 shares during the period. Mayflower Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $282,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of KKR & Co. Inc. by 51.1% during the 4th quarter. Russell Investments Group Ltd. now owns 78,144 shares of the asset manager’s stock worth $6,496,000 after purchasing an additional 26,431 shares during the last quarter. Gilbert & Cook Inc. raised its position in shares of KKR & Co. Inc. by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock worth $1,204,000 after purchasing an additional 792 shares during the last quarter. Van ECK Associates Corp raised its position in shares of KKR & Co. Inc. by 23.5% during the 4th quarter. Van ECK Associates Corp now owns 15,077 shares of the asset manager’s stock worth $1,249,000 after purchasing an additional 2,871 shares during the last quarter. New York Life Investment Management LLC raised its holdings in KKR & Co. Inc. by 12.3% in the 4th quarter. New York Life Investment Management LLC now owns 10,800 shares of the asset manager’s stock valued at $895,000 after acquiring an additional 1,184 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in KKR & Co. Inc. by 38.5% in the 4th quarter. M&T Bank Corp now owns 25,572 shares of the asset manager’s stock valued at $2,119,000 after acquiring an additional 7,107 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KKR. TD Cowen boosted their price target on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Tuesday, August 13th. Finally, Citigroup upped their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $124.93.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $118.44 on Friday. The firm has a market cap of $105.10 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.62. The firm’s 50-day simple moving average is $115.05 and its 200-day simple moving average is $105.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the prior year, the business posted $0.58 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 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.