Jupiter Asset Management Ltd. Purchases New Position in KKR & Co. Inc. $KKR

Jupiter Asset Management Ltd. acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,331 shares of the asset manager’s stock, valued at approximately $823,000.

A number of other large investors have also recently made changes to their positions in the business. ESL Trust Services LLC purchased a new stake in KKR & Co. Inc. in the third quarter worth $26,000. Clearstead Trust LLC purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at $28,000. Richardson Financial Services Inc. lifted its position in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pineridge Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $33,000. 76.26% of the stock is currently owned by institutional investors.

Insider Activity

In other KKR & Co. Inc. news, CEO Scott C. Nuttall acquired 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. The trade was a 0.81% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy R. Barakett bought 50,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were acquired at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the purchase, the director owned 235,000 shares in the company, valued at approximately $24,658,550. The trade was a 27.03% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 343,872 shares of company stock worth $35,367,179. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Down 0.5%

KKR stock opened at $101.14 on Monday. The business has a 50 day moving average of $120.99 and a 200 day moving average of $127.11. The firm has a market cap of $90.15 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $153.87. 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. (NYSE:KKR) last released its 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). The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The company’s revenue was up 76.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on KKR shares. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. 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. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Oppenheimer reduced their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. Finally, TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $153.50.

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.