Bahl & Gaynor Inc. Invests $201,000 in KKR & Co. Inc. (NYSE:KKR)

Bahl & Gaynor Inc. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the asset manager’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital International Investors boosted its holdings in KKR & Co. Inc. by 1.9% in the fourth quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after purchasing an additional 805,122 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after buying an additional 1,728,782 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after buying an additional 11,134,363 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in KKR & Co. Inc. by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after acquiring an additional 365,449 shares in the last quarter. Finally, Norges Bank acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $649,798,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Evercore ISI lifted their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JMP Securities increased their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Barclays upped their price target on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $0.56 on Wednesday, reaching $117.40. 1,731,520 shares of the stock were exchanged, compared to its average volume of 4,939,578. The firm has a market capitalization of $104.18 billion, a PE ratio of 26.45, a PEG ratio of 1.05 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $119.86. The business has a fifty day moving average price of $107.64 and a two-hundred day moving average price of $99.13. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The business had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. As a group, research analysts anticipate that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.