Bahl & Gaynor Inc. Trims Stock Holdings in KKR & Co. Inc. $KKR

Bahl & Gaynor Inc. lowered its position in shares of KKR & Co. Inc. (NYSE:KKR) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 354,749 shares of the asset manager’s stock after selling 7,270 shares during the period. Bahl & Gaynor Inc.’s holdings in KKR & Co. Inc. were worth $46,100,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Southeast Asset Advisors LLC increased its stake in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after acquiring an additional 68 shares in the last quarter. Moors & Cabot Inc. boosted its stake in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after acquiring an additional 75 shares in the last quarter. Berbice Capital Management LLC grew its holdings in KKR & Co. Inc. by 3.5% in the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after purchasing an additional 75 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of KKR & Co. Inc. by 3.7% during 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 increased its stake in shares of KKR & Co. Inc. by 3.0% during the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KKR. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Barclays cut their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.40.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett bought 50,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the purchase, the director owned 235,000 shares in the company, valued at approximately $24,658,550. This represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 343,872 shares of company stock worth $35,367,179. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $87.43 on Monday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $153.87. The stock has a 50-day moving average of $117.03 and a 200 day moving average of $125.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $77.93 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 0.63 and a beta of 2.01.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results 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). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company posted $1.32 EPS. KKR & Co. Inc.’s revenue was up 76.1% on a year-over-year basis. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

About KKR & Co. Inc.

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.