Machina Capital S.A.S. Makes New $2.28 Million Investment in KKR & Co. Inc. $KKR

Machina Capital S.A.S. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, HoldingsChannel.com reports. The firm acquired 17,527 shares of the asset manager’s stock, valued at approximately $2,278,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. ESL Trust Services LLC bought a new position in KKR & Co. Inc. in the third quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its stake in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Pineridge Advisors LLC bought a new position in shares of KKR & Co. Inc. in the second quarter valued at $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. during the third quarter worth $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 9.7%

KKR opened at $103.22 on Wednesday. The stock has a fifty day moving average of $127.76 and a 200-day moving average of $131.17. The company has a market capitalization of $92.01 billion, a P/E ratio of 43.74, a P/E/G ratio of 0.99 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $162.39. 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. (NYSE:KKR) last posted its quarterly earnings data 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 firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.36%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $156.57.

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.