Machina Capital S.A.S. Invests $2.28 Million in KKR & Co. Inc. $KKR

Machina Capital S.A.S. acquired a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,527 shares of the asset manager’s stock, valued at approximately $2,278,000.

Several other large investors have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter worth $26,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. in the second quarter worth about $28,000. Richardson Financial Services Inc. increased its position in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the period. Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. during the 2nd quarter worth about $31,000. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KKR shares. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Morgan Stanley cut their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, January 21st. Finally, UBS Group reduced their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $156.57.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $103.22 on Wednesday. The stock has a 50 day simple moving average of $127.76 and a 200 day simple moving average of $131.17. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $162.39. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $92.01 billion, a PE ratio of 43.74, a P/E/G ratio of 0.99 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the prior year, the firm earned $1.38 earnings per share. Sell-side analysts predict 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 was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

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.