Caprock Group LLC Takes Position in KKR & Co. Inc. $KKR

Caprock Group LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,194 shares of the asset manager’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $218,000. Sivia Capital Partners LLC lifted its holdings in KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares in the last quarter. CWM LLC lifted its holdings in KKR & Co. Inc. by 7.9% in the 2nd quarter. CWM LLC now owns 9,698 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 711 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in KKR & Co. Inc. by 41.0% during the 2nd quarter. Harbour Investments Inc. now owns 939 shares of the asset manager’s stock worth $125,000 after purchasing an additional 273 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KKR shares. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group dropped their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, Morgan Stanley cut their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $101.64 on Monday. The firm has a market cap of $90.60 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $153.87. The business’s fifty day simple moving average is $124.51 and its 200-day simple moving average is $128.60.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm’s quarterly revenue was up 76.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. Equities analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.185 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was bought at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the transaction, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This represents a 27.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.