Bowen Hanes & Co. Inc. Buys 5,690 Shares of KKR & Co. Inc. $KKR

Bowen Hanes & Co. Inc. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,380 shares of the asset manager’s stock after purchasing an additional 5,690 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in KKR & Co. Inc. were worth $7,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Southeast Asset Advisors LLC grew its stake in KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after acquiring an additional 68 shares during the period. Moors & Cabot Inc. lifted its stake in shares of KKR & Co. Inc. by 1.0% in the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after buying an additional 75 shares in the last quarter. Berbice Capital Management LLC lifted its position in KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 84 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its holdings in KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after acquiring an additional 92 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KKR. Oppenheimer reduced their price objective 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. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. UBS Group cut their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays decreased their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $153.50.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The business has a fifty day simple moving average of $120.99 and a two-hundred day simple moving average of $127.24. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87. The company has a market capitalization of $90.15 billion, a P/E ratio of 43.22, a P/E/G ratio of 0.80 and a beta of 1.99.

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

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Matt Cohler purchased 43,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the purchase, the director owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This represents a 2,733.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott C. Nuttall acquired 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 343,872 shares of company stock worth $35,367,179. 39.34% of the stock is currently owned by company insiders.

KKR & Co. Inc. 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.