Bamco Inc. NY Buys 55,664 Shares of KKR & Co. Inc. $KKR

Bamco Inc. NY raised its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 34.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,260 shares of the asset manager’s stock after buying an additional 55,664 shares during the quarter. Bamco Inc. NY’s holdings in KKR & Co. Inc. were worth $28,363,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of KKR & Co. Inc. by 53.0% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 19,612 shares of the asset manager’s stock valued at $2,547,000 after acquiring an additional 6,796 shares in the last quarter. California Public Employees Retirement System raised its position in shares of KKR & Co. Inc. by 5.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,204,842 shares of the asset manager’s stock worth $156,569,000 after purchasing an additional 59,451 shares during the last quarter. Bank of Nova Scotia boosted its stake in KKR & Co. Inc. by 50.9% in the 3rd quarter. Bank of Nova Scotia now owns 114,882 shares of the asset manager’s stock worth $14,929,000 after purchasing an additional 38,745 shares in the last quarter. BNP Paribas boosted its stake in KKR & Co. Inc. by 50.5% in the 3rd quarter. BNP Paribas now owns 15,296 shares of the asset manager’s stock worth $1,988,000 after purchasing an additional 5,134 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its position in KKR & Co. Inc. by 1,033.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 91,728 shares of the asset manager’s stock valued at $11,920,000 after purchasing an additional 83,638 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 2.5%

KKR stock opened at $85.97 on Monday. The business’s 50-day moving average price is $109.11 and its 200-day moving average price is $121.75. The stock has a market cap of $76.65 billion, a P/E ratio of 36.74, a PEG ratio of 0.63 and a beta of 2.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.9%. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the company 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 research note on Sunday, January 25th. UBS Group cut their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Finally, Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

Insider Activity

In other news, Director Timothy R. Barakett acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott C. Nuttall bought 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the purchase, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 393,872 shares of company stock valued at $40,090,679. Company insiders own 23.20% 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.