Bain Capital Public Equity Management II LLC Decreases Position in KKR & Co. Inc. $KKR

Key Points

• Bain Capital Public Equity Management II LLC reduced its stake in KKR & Co. Inc. by 49.6% during the first quarter, now holding 370,630 shares valued at approximately $42.8 million.
• KKR & Co. Inc. reported strong quarterly earnings, with an EPS of $1.18 exceeding expectations, alongside a revenue of $1.86 billion.
• The company declared an increased quarterly dividend of $0.185 per share, reflecting a commitment to returning value to shareholders, with an annualized dividend yield of 0.5%.

Bain Capital Public Equity Management II LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 49.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,630 shares of the asset manager's stock after selling 364,021 shares during the period. KKR & Co. Inc. makes up about 3.4% of Bain Capital Public Equity Management II LLC's portfolio, making the stock its 9th largest holding. Bain Capital Public Equity Management II LLC's holdings in KKR & Co. Inc. were worth $42,849,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KKR. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $26,000. Saudi Central Bank acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at $28,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at $38,000. Finally, GW&K Investment Management LLC raised its stake in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock valued at $42,000 after purchasing an additional 111 shares during the period. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup boosted their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Barclays boosted their price target on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods boosted their price target on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, JMP Securities reiterated a "market perform" rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a report on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $158.07.

KKR & Co. Inc. Stock Performance

KKR stock traded down $1.82 during mid-day trading on Friday, reaching $135.53. 3,412,970 shares of the stock traded hands, compared to its average volume of 2,726,722. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50-day moving average of $141.90 and a two-hundred day moving average of $126.04. The firm has a market capitalization of $120.75 billion, a PE ratio of 63.04, a P/E/G ratio of 1.49 and a beta of 1.93.

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, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The company had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the company earned $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company's stock.

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.