Gardner Lewis Asset Management L P Makes New Investment in KKR & Co. Inc. $KKR

Gardner Lewis Asset Management L P acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,210 shares of the asset manager’s stock, valued at approximately $677,000.

Other large investors have also modified their holdings of the company. Southeast Asset Advisors LLC grew its holdings in KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after purchasing an additional 68 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 75 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after buying an additional 84 shares during the period. Finally, Cornerstone Advisory LLC increased its holdings in shares of KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after buying an additional 92 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 price of $102.19 per share, for a total transaction of $12,773,750.00. Following the acquisition, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This represents a 32.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This represents a 27.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 343,872 shares of company stock valued at $35,367,179 over the last ninety days. 39.34% of the stock is owned by company insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $101.14 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The company has a market capitalization of $90.15 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 0.80 and a beta of 1.99. The business has a 50-day moving average of $120.99 and a 200-day moving average of $127.24.

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

KKR & Co. Inc. Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.