Westfield Capital Management Co. LP Takes $87.44 Million Position in KKR & Co. Inc. $KKR

Westfield Capital Management Co. LP purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 672,895 shares of the asset manager’s stock, valued at approximately $87,443,000. Westfield Capital Management Co. LP owned approximately 0.08% of KKR & Co. Inc. as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in shares of KKR & Co. Inc. by 82.1% during the third quarter. Intech Investment Management LLC now owns 20,699 shares of the asset manager’s stock worth $2,690,000 after buying an additional 9,335 shares in the last quarter. US Bancorp DE boosted its position in KKR & Co. Inc. by 1.6% during the third quarter. US Bancorp DE now owns 58,960 shares of the asset manager’s stock worth $7,662,000 after acquiring an additional 915 shares during the last quarter. Catalyst Financial Partners LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $212,000. Fox Run Management L.L.C. purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at about $570,000. Finally, MAI Capital Management raised its holdings in KKR & Co. Inc. by 3.6% in the 3rd quarter. MAI Capital Management now owns 20,568 shares of the asset manager’s stock valued at $2,673,000 after acquiring an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, CEO Joseph Y. Bae bought 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction dated Monday, February 9th. The shares were purchased at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the transaction, the director owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This trade represents a 27.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is owned by insiders.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $96.61 on Thursday. The stock has a market cap of $86.11 billion, a PE ratio of 41.29, a P/E/G ratio of 0.75 and a beta of 1.99. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $153.87. The stock has a fifty day simple moving average of $118.66 and a 200-day simple moving average of $126.22.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data 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 net margin of 11.97% and a return on equity of 5.77%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s quarterly revenue was up 76.1% on a year-over-year basis. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared 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. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is 31.62%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Oppenheimer lowered their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. UBS Group cut their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday. They issued an “outperform” rating and a $137.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.40.

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.