Bain Capital Public Equity LP Has $4.46 Million Holdings in KKR & Co. Inc. $KKR

Key Points

• Bain Capital Public Equity LP increased its stake in KKR & Co. Inc. by 31.5% during the 1st quarter, owning 38,535 shares valued at approximately $4.46 million.
• Research analysts have a positive outlook on KKR, with multiple firms raising their price targets; Barclays set a new objective of $165 and Citigroup raised theirs to $170.
• KKR recently increased its quarterly dividend from $0.18 to $0.185 per share, reflecting the company's ongoing commitment to returning value to shareholders.

Bain Capital Public Equity LP grew its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 31.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,535 shares of the asset manager's stock after acquiring an additional 9,230 shares during the quarter. KKR & Co. Inc. makes up approximately 4.9% of Bain Capital Public Equity LP's holdings, making the stock its 10th largest position. Bain Capital Public Equity LP's holdings in KKR & Co. Inc. were worth $4,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in KKR & Co. Inc. by 0.5% during the 1st quarter. Alliancebernstein L.P. now owns 850,016 shares of the asset manager's stock valued at $98,270,000 after purchasing an additional 4,380 shares during the period. Ariel Investments LLC boosted its position in KKR & Co. Inc. by 17.0% during the 1st quarter. Ariel Investments LLC now owns 275,025 shares of the asset manager's stock worth $31,796,000 after acquiring an additional 39,933 shares during the period. Alyeska Investment Group L.P. boosted its position in KKR & Co. Inc. by 266.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 523,288 shares of the asset manager's stock worth $60,497,000 after acquiring an additional 380,473 shares during the period. Amundi boosted its position in KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its position in KKR & Co. Inc. by 2.4% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 116,782 shares of the asset manager's stock worth $13,501,000 after acquiring an additional 2,724 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 39.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KKR. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Citigroup boosted their target price on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $158.07.

KKR & Co. Inc. Stock Down 1.3%

Shares of KKR traded down $1.82 during trading hours on Friday, hitting $135.53. 3,412,970 shares of the company were exchanged, compared to its average volume of 2,726,722. The company has a market cap of $120.75 billion, a PE ratio of 63.04, a PEG ratio of 1.49 and a beta of 1.93. The firm's 50 day moving average is $141.90 and its 200-day moving average is $126.04. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

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.