BW Gestao de Investimentos Ltda. Invests $11.73 Million in KKR & Co. Inc. $KKR

BW Gestao de Investimentos Ltda. purchased a new position in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel reports. The firm purchased 92,003 shares of the asset manager’s stock, valued at approximately $11,729,000.

Other hedge funds have also recently made changes to their positions in the company. ESL Trust Services LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth about $26,000. Asset Dedication LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth about $26,000. GGM Financials LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth about $27,000. Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth about $27,000. Finally, Elyxium Wealth LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth about $27,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 0.9%

NYSE KKR opened at $95.04 on Tuesday. The firm has a market cap of $85.34 billion, a PE ratio of 32.33, a P/E/G ratio of 0.83 and a beta of 1.85. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The business’s fifty day simple moving average is $96.55 and its 200-day simple moving average is $108.86. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. announced that its board has authorized a share buyback program on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s payout ratio is currently 26.53%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on KKR shares. UBS Group increased their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price target on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Barclays cut their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group cut their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.53.

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.