KKR & Co. Inc. $KKR Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in KKR & Co. Inc. (NYSE:KKR) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,285,168 shares of the asset manager’s stock after purchasing an additional 211,222 shares during the period. Bessemer Group Inc.’s holdings in KKR & Co. Inc. were worth $163,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KKR. Brighton Jones LLC lifted its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $218,000. Sivia Capital Partners LLC lifted its holdings in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares during the period. United Bank acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $4,826,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 343,872 shares of company stock worth $34,844,179 over the last three months. 23.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports 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 report on Wednesday, May 6th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Zacks Research cut KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $99.61 on Friday. The stock has a market capitalization of $89.43 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 0.86 and a beta of 1.85. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $95.28 and a 200 day moving average of $110.95.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly 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%. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is 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 payout ratio is currently 25.17%.

KKR & Co. Inc. 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.