Bain Capital Public Equity LP Increases Stake in KKR & Co. Inc. (NYSE:KKR)

Bain Capital Public Equity LP grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 154.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,305 shares of the asset manager's stock after purchasing an additional 17,769 shares during the quarter. KKR & Co. Inc. makes up approximately 2.8% of Bain Capital Public Equity LP's holdings, making the stock its 16th biggest position. Bain Capital Public Equity LP's holdings in KKR & Co. Inc. were worth $4,335,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Baird Financial Group Inc. grew its holdings in KKR & Co. Inc. by 4.1% during the fourth quarter. Baird Financial Group Inc. now owns 27,016 shares of the asset manager's stock valued at $3,996,000 after purchasing an additional 1,071 shares during the period. Bamco Inc. NY increased its holdings in KKR & Co. Inc. by 4.1% in the 4th quarter. Bamco Inc. NY now owns 122,810 shares of the asset manager's stock worth $18,165,000 after acquiring an additional 4,856 shares in the last quarter. Banque Transatlantique SA bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $12,555,000. Banque de Luxembourg S.A. bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $288,000. Finally, Bayesian Capital Management LP lifted its holdings in KKR & Co. Inc. by 106.4% during the fourth quarter. Bayesian Capital Management LP now owns 14,163 shares of the asset manager's stock valued at $2,095,000 after purchasing an additional 7,300 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on KKR shares. Barclays raised their price objective on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America lowered their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Finally, Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $144.73.

KKR & Co. Inc. Trading Down 0.9 %

Shares of KKR & Co. Inc. stock traded down $0.98 during trading on Tuesday, hitting $113.81. The stock had a trading volume of 3,547,439 shares, compared to its average volume of 4,980,898. The firm's fifty day simple moving average is $111.75 and its 200-day simple moving average is $136.60. The stock has a market cap of $101.09 billion, a PE ratio of 34.18, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is presently 31.22%.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.