Bearing Point Capital LLC Buys 4,118 Shares of KKR & Co. Inc. (NYSE:KKR)

Key Points

• Bearing Point Capital LLC increased its stake in KKR & Co. Inc. by 14.0%, acquiring an additional 4,118 shares, bringing its total holdings to 33,476 shares valued at approximately $3.87 million.
• KKR & Co. Inc. reported $1.15 EPS for the last quarter, which surpassed analysts' expectations, along with revenue of $1.77 billion, despite a 67.8% decline year-over-year.
• The company recently announced an increased dividend of $0.185 per share, up from $0.17, contributing to a dividend yield of 0.64%.

Bearing Point Capital LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,476 shares of the asset manager's stock after buying an additional 4,118 shares during the quarter. Bearing Point Capital LLC's holdings in KKR & Co. Inc. were worth $3,870,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KKR. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $50,199,000. Arete Wealth Advisors LLC grew its holdings in KKR & Co. Inc. by 44.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after acquiring an additional 2,749 shares during the period. Systematic Alpha Investments LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $423,000. Finally, Schroder Investment Management Group lifted its position in shares of KKR & Co. Inc. by 19.5% during the 4th quarter. Schroder Investment Management Group now owns 80,086 shares of the asset manager's stock worth $11,884,000 after buying an additional 13,065 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity at KKR & Co. Inc.

In related news, Director Robert W. Scully purchased 13,250 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director directly owned 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the sale, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KKR. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Barclays raised their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Citigroup lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded up $0.90 on Wednesday, hitting $151.90. The company's stock had a trading volume of 1,285,492 shares, compared to its average volume of 5,003,374. The firm has a market cap of $135.29 billion, a P/E ratio of 64.13, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average price of $131.42 and a 200-day moving average price of $128.25. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's quarterly revenue was down 67.8% on a year-over-year basis. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a yield of 0.64%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

About KKR & Co. Inc.

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.