WINTON GROUP Ltd Raises Holdings in KKR & Co. Inc. $KKR

WINTON GROUP Ltd boosted its stake in KKR & Co. Inc. (NYSE:KKR) by 235.5% during the third quarter, Holdings Channel.com reports. The firm owned 26,130 shares of the asset manager’s stock after buying an additional 18,342 shares during the period. WINTON GROUP Ltd’s holdings in KKR & Co. Inc. were worth $3,396,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $1,530,419,000. Strive Asset Management LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at approximately $535,907,000. Close Asset Management Ltd raised its holdings in KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after purchasing an additional 1,479,688 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of KKR & Co. Inc. by 454.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after buying an additional 1,132,046 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in KKR & Co. Inc. by 1.9% during the second quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after purchasing an additional 1,099,263 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR opened at $89.96 on Wednesday. The company has a market capitalization of $80.20 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 0.65 and a beta of 2.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 12-month low of $84.52 and a 12-month high of $153.87. The business’s fifty day simple moving average is $111.64 and its 200-day simple moving average is $122.90.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share 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 5.57%. The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up 76.1% compared to the same quarter last year. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

Analyst Ratings Changes

Several research firms have recently issued reports on KKR. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. UBS Group cut their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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. Finally, Royal Bank Of Canada assumed 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 issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $151.80.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Joseph Y. Bae bought 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 393,872 shares of company stock valued at $40,090,679 in the last ninety days. Company insiders own 23.20% of the company’s stock.

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.