Gamco Investors INC. ET AL Grows Position in KKR & Co. Inc. $KKR

Gamco Investors INC. ET AL raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 363,570 shares of the asset manager’s stock after acquiring an additional 10,402 shares during the quarter. Gamco Investors INC. ET AL’s holdings in KKR & Co. Inc. were worth $33,630,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Morningstar Investment Management LLC increased its holdings in shares of KKR & Co. Inc. by 10.4% in the 1st quarter. Morningstar Investment Management LLC now owns 18,053 shares of the asset manager’s stock valued at $1,670,000 after purchasing an additional 1,706 shares in the last quarter. Compound Planning Inc. boosted its holdings in KKR & Co. Inc. by 23.4% during the first quarter. Compound Planning Inc. now owns 21,715 shares of the asset manager’s stock worth $2,009,000 after buying an additional 4,111 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in KKR & Co. Inc. by 8,310.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 889,782 shares of the asset manager’s stock worth $82,305,000 after buying an additional 879,202 shares during the period. Clearwater Capital Advisors LLC grew its position in KKR & Co. Inc. by 64.8% during the first quarter. Clearwater Capital Advisors LLC now owns 7,680 shares of the asset manager’s stock worth $710,000 after buying an additional 3,021 shares during the period. Finally, Signature Equity Partners LLC increased its holdings in KKR & Co. Inc. by 26.9% in the first quarter. Signature Equity Partners LLC now owns 1,090 shares of the asset manager’s stock valued at $101,000 after buying an additional 231 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other news, EVP Yael Cosset sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KKR has been the subject of a number of research reports. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Piper Sandler lowered their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Morgan Stanley dropped their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group lifted their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays boosted their target price on KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

KKR & Co. Inc. Trading Up 3.7%

Shares of KKR opened at $99.48 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a 50 day simple moving average of $95.30 and a 200-day simple moving average of $100.44. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The stock has a market cap of $89.32 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. Equities analysts forecast that KKR & Co. Inc. will post 5.54 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is presently 26.53%.

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.