Bessemer Group Inc. Raises Stake in KKR & Co. Inc. (NYSE:KKR)

Bessemer Group Inc. raised its position in shares of KKR & Co. Inc. (NYSE:KKR) by 107.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,455 shares of the asset manager’s stock after purchasing an additional 18,848 shares during the quarter. Bessemer Group Inc.’s holdings in KKR & Co. Inc. were worth $3,667,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd lifted its holdings in KKR & Co. Inc. by 3,152.3% during the first quarter. UniSuper Management Pty Ltd now owns 143,100 shares of the asset manager’s stock valued at $14,393,000 after purchasing an additional 138,700 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in KKR & Co. Inc. by 30.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,076 shares of the asset manager’s stock valued at $1,516,000 after purchasing an additional 3,502 shares in the last quarter. Bahl & Gaynor Inc. purchased a new position in KKR & Co. Inc. during the first quarter valued at approximately $201,000. Trustmark National Bank Trust Department purchased a new position in shares of KKR & Co. Inc. in the first quarter worth $303,000. Finally, Covestor Ltd lifted its holdings in shares of KKR & Co. Inc. by 309.8% in the first quarter. Covestor Ltd now owns 1,463 shares of the asset manager’s stock worth $147,000 after buying an additional 1,106 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KKR. JMP Securities boosted their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.20.

KKR & Co. Inc. Price Performance

KKR traded down $2.23 during trading hours on Wednesday, hitting $115.73. The company’s stock had a trading volume of 3,589,177 shares, compared to its average volume of 4,952,870. 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. has a 12 month low of $53.72 and a 12 month high of $119.86. The stock has a market cap of $102.70 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.05 and a beta of 1.62. The business’s 50-day moving average price is $107.64 and its 200-day moving average price is $99.13.

KKR & Co. Inc. (NYSE:KKR) last posted 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). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. Sell-side analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.175 per share. 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 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.’s payout ratio is 15.70%.

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.