9,226 Shares in KKR & Co. Inc. $KKR Purchased by Bain Capital Public Equity LP

Bain Capital Public Equity LP acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,226 shares of the asset manager’s stock, valued at approximately $1,176,000. KKR & Co. Inc. comprises about 0.7% of Bain Capital Public Equity LP’s holdings, making the stock its 2nd largest holding.

Several other institutional investors also recently bought and sold shares of KKR. Asset Dedication LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $27,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter worth about $27,000. Finally, SouthState Bank Corp boosted its holdings in KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after buying an additional 148 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Piper Sandler decreased their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.53.

KKR & Co. Inc. Trading Up 0.7%

KKR opened at $98.81 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50 day simple moving average is $97.55 and its two-hundred day simple moving average is $107.06. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The firm has a market capitalization of $88.72 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The business had revenue of $5.74 billion for the quarter. Analysts expect that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. announced that its board has approved a stock buyback plan on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.