KKR & Co. Inc. $KKR Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in KKR & Co. Inc. (NYSE:KKR) by 50.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 77,027 shares of the asset manager’s stock after purchasing an additional 25,792 shares during the quarter. NEOS Investment Management LLC’s holdings in KKR & Co. Inc. were worth $10,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. lifted its holdings in shares of KKR & Co. Inc. by 2,150.0% in the 3rd 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 during the period. Pineridge Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in KKR & Co. Inc. during the third quarter worth about $33,000. 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, Director Timothy R. Barakett bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the purchase, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. This represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Trading Up 0.6%

KKR opened at $102.38 on Wednesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $153.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $123.27 and a 200-day simple moving average of $128.00. The firm has a market cap of $91.26 billion, a P/E ratio of 43.75, a P/E/G ratio of 0.79 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company posted $1.32 EPS. KKR & Co. Inc.’s revenue was up 76.1% on a year-over-year basis. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KKR shares. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Barclays cut their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, UBS Group decreased their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $156.57.

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.