Quantbot Technologies LP Buys Shares of 69,099 KKR & Co. Inc. $KKR

Quantbot Technologies LP purchased a new position in KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 69,099 shares of the asset manager’s stock, valued at approximately $8,979,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in KKR. Brighton Jones LLC grew its position in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $218,000. Sivia Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares in the last quarter. United Bank bought a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $769,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in KKR & Co. Inc. by 127.5% in the second quarter. Ashton Thomas Private Wealth LLC now owns 4,779 shares of the asset manager’s stock worth $636,000 after buying an additional 2,678 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 6.6%

NYSE KKR opened at $87.43 on Friday. The stock has a market cap of $77.93 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 0.67 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 $153.87. The stock has a 50 day simple moving average of $117.03 and a two-hundred day simple moving average of $125.62. 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 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 net margin of 11.97% and a return on equity of 5.77%. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the firm posted $1.32 earnings per share. KKR & Co. Inc.’s quarterly revenue was up 76.1% on a year-over-year basis. On average, analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KKR. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. UBS Group decreased their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a report on Tuesday. They set an “outperform” rating and a $137.00 target price for the company. Finally, TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.40.

Insider Activity at KKR & Co. Inc.

In related news, CEO Scott C. Nuttall purchased 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 343,872 shares of company stock worth $35,367,179 over the last ninety days. Corporate insiders own 39.34% of the company’s stock.

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.