Y Intercept Hong Kong Ltd Makes New $17.41 Million Investment in KKR & Co. Inc. $KKR

Y Intercept Hong Kong Ltd acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 133,954 shares of the asset manager’s stock, valued at approximately $17,407,000. KKR & Co. Inc. accounts for 0.4% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 22nd biggest position.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 worth $7,803,135,000 after buying an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in KKR & Co. Inc. by 4.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after acquiring an additional 765,457 shares during the period. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $1,530,419,000. Lone Pine Capital LLC increased its holdings in shares of KKR & Co. Inc. by 9.6% in the second quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock valued at $694,652,000 after purchasing an additional 457,998 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of KKR & Co. Inc. by 6.7% in the second quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock valued at $608,787,000 after purchasing an additional 288,006 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KKR shares. Barclays decreased their price target on KKR & Co. Inc. from $169.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Finally, Wall Street Zen downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $121.27 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $108.10 billion, a P/E ratio of 51.39, a PEG ratio of 1.07 and a beta of 1.99. The company’s fifty day moving average is $128.15 and its two-hundred day moving average is $132.65.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm posted $1.38 EPS. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.36%.

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.