Bain Capital Public Equity Management II LLC Raises Stock Position in KKR & Co. Inc. $KKR

Bain Capital Public Equity Management II LLC boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 166.1% in the second quarter, HoldingsChannel.com reports. The firm owned 986,221 shares of the asset manager’s stock after buying an additional 615,591 shares during the period. KKR & Co. Inc. accounts for about 6.2% of Bain Capital Public Equity Management II LLC’s investment portfolio, making the stock its 7th largest holding. Bain Capital Public Equity Management II LLC’s holdings in KKR & Co. Inc. were worth $131,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KKR. Clearstead Trust LLC acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $28,000. Pineridge Advisors LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at $31,000. Saudi Central Bank acquired a new position in KKR & Co. Inc. in the first quarter valued at $28,000. DiNuzzo Private Wealth Inc. boosted its position in KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 245 shares during the last quarter. Finally, SouthState Corp acquired a new stake in KKR & Co. Inc. during the 1st quarter worth about $44,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $130.10 on Tuesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average price of $121.61 and a 200-day moving average price of $131.35. The company has a market cap of $115.97 billion, a PE ratio of 55.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter in the prior year, the company posted $1.38 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Oppenheimer lowered their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Barclays increased their price target on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.31.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.