Mackenzie Financial Corp Has $2.62 Million Stock Position in KKR & Co. Inc. (NYSE:KKR)

Mackenzie Financial Corp grew its stake in KKR & Co. Inc. (NYSE:KKR) by 20.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 31,631 shares of the asset manager’s stock after buying an additional 5,441 shares during the quarter. Mackenzie Financial Corp’s holdings in KKR & Co. Inc. were worth $2,621,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $224,000. NewEdge Wealth LLC grew its position in KKR & Co. Inc. by 6.7% in the fourth quarter. NewEdge Wealth LLC now owns 6,860 shares of the asset manager’s stock valued at $568,000 after purchasing an additional 430 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at $266,000. Sapient Capital LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth about $256,000. Finally, Cerity Partners LLC boosted its stake in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. Cerity Partners LLC now owns 225,095 shares of the asset manager’s stock worth $18,649,000 after buying an additional 3,304 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays lifted their target price on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. TD Cowen upped their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, JMP Securities increased their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.64.

KKR & Co. Inc. Trading Up 2.0 %

Shares of NYSE:KKR opened at $94.48 on Tuesday. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The business has a 50 day moving average of $97.55 and a 200-day moving average of $82.46. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock has a market cap of $83.62 billion, a PE ratio of 23.16, a P/E/G ratio of 0.85 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is 16.18%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the purchase, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

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.