Westfield Capital Management Co. LP Has $69.67 Million Holdings in KKR & Co. Inc. $KKR

Westfield Capital Management Co. LP cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 18.8% in the fourth quarter, HoldingsChannel reports. The fund owned 546,499 shares of the asset manager’s stock after selling 126,396 shares during the quarter. Westfield Capital Management Co. LP’s holdings in KKR & Co. Inc. were worth $69,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KKR. Asset Dedication LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $27,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth about $33,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on KKR shares. Barclays decreased their price objective on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. TD Cowen cut their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. UBS Group raised their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $134.53.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $93.51 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $83.96 billion, a P/E ratio of 31.81, a P/E/G ratio of 0.83 and a beta of 1.79. The business’s fifty day moving average is $96.81 and its two-hundred day moving average is $108.17. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87.

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. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Equities research analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. announced that its board has approved a share repurchase plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is 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.