Bain Capital Public Equity LP Takes Position in KKR & Co. Inc. $KKR

Bain Capital Public Equity LP purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,226 shares of the asset manager’s stock, valued at approximately $1,176,000. KKR & Co. Inc. accounts for approximately 0.7% of Bain Capital Public Equity LP’s holdings, making the stock its 2nd biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. SteelPeak Wealth LLC raised its position in shares of KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after buying an additional 80 shares during the period. Diversified Trust Co. raised its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after buying an additional 82 shares during the period. Modera Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after buying an additional 84 shares during the period. Sound Income Strategies LLC raised its position in shares of KKR & Co. Inc. by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after buying an additional 90 shares during the period. Finally, Cornerstone Advisory LLC raised its position 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 valued at $414,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $98.81 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $97.55 and a 200 day moving average price of $107.06. The company has a market cap of $88.72 billion, a P/E ratio of 33.61, a PEG ratio of 0.85 and a beta of 1.79. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The firm had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Sell-side analysts predict that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has approved a share repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KKR shares. TD Cowen cut their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. UBS Group boosted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Piper Sandler cut their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, BMO Capital Markets cut their target price on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

KKR & Co. Inc. 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.