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

Fairview Capital Investment Management LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, Holdings Channel.com reports. The fund acquired 2,026 shares of the asset manager’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter valued at $649,798,000. Winslow Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $344,354,000. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $217,004,000. Finally, Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $1.80 during midday trading on Friday, hitting $118.51. The stock had a trading volume of 3,480,322 shares, compared to its average volume of 3,839,762. The company’s 50-day moving average price is $108.33 and its 200-day moving average price is $99.75. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $120.14. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $105.17 billion, a P/E ratio of 26.57, a price-to-earnings-growth 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 earnings per share 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 the consensus estimate of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. As a group, equities research analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KKR. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. TD Cowen cut their price objective on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating for the company in a research report 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 report on Tuesday, April 9th. Finally, Jefferies Financial Group decreased their target price on 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.20.

KKR & Co. Inc. Company 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.