GSA Capital Partners LLP Purchases Shares of 5,425 KKR & Co. Inc. $KKR

GSA Capital Partners LLP acquired a new position in KKR & Co. Inc. (NYSE:KKR) during the third quarter, HoldingsChannel reports. The firm acquired 5,425 shares of the asset manager’s stock, valued at approximately $705,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in KKR & Co. Inc. during the second quarter valued at approximately $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of KKR & Co. Inc. by 454.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after acquiring an additional 1,132,046 shares in the last quarter. Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after purchasing an additional 765,457 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its position in KKR & Co. Inc. by 166.1% in the second quarter. Bain Capital Public Equity Management II LLC now owns 986,221 shares of the asset manager’s stock valued at $131,197,000 after purchasing an additional 615,591 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In other news, CEO Scott C. Nuttall acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Y. Bae bought 125,000 shares of KKR & Co. Inc. 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 acquisition, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 343,872 shares of company stock worth $35,367,179. 39.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KKR shares. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Barclays dropped their price objective on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. UBS Group decreased their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.50.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $101.14 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $153.87. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $90.15 billion, a P/E ratio of 43.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The stock has a 50 day moving average of $120.99 and a 200-day moving average of $127.24.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly 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 company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company earned $1.32 earnings per share. The company’s revenue was up 76.1% on a year-over-year basis. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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 $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

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.