WINTON GROUP Ltd Increases Stock Position in KKR & Co. Inc. $KKR

Key Points

• WINTON GROUP Ltd increased its stake in KKR by 235.5% during Q3, adding 18,342 shares to hold 26,130 shares worth about $3.396 million.
• Significant insider buying has occurred recently — Director Timothy Barakett bought 50,000 shares and CEO Scott C. Nuttall bought 125,000 shares — with insiders acquiring 393,872 shares (~$40.09M) over the last three months and now owning 23.20% of the company.
• KKR opened at $89.96 (12‑month range $84.52–$153.87) after a slight EPS miss ($1.12 vs. $1.14) despite 76% y/y revenue growth; analysts have a consensus “Moderate Buy” rating and an average price target of $151.80.

WINTON GROUP Ltd lifted its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 235.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,130 shares of the asset manager's stock after purchasing an additional 18,342 shares during the period. WINTON GROUP Ltd's holdings in KKR & Co. Inc. were worth $3,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Southeast Asset Advisors LLC boosted its position in KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager's stock worth $2,983,000 after purchasing an additional 68 shares during the last quarter. Berbice Capital Management LLC increased its position in shares of KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager's stock valued at $293,000 after purchasing an additional 75 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of KKR & Co. Inc. by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager's stock valued at $317,000 after purchasing an additional 84 shares during the last quarter. Cornerstone Advisory LLC raised its stake in shares of KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager's stock worth $414,000 after purchasing an additional 92 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of KKR & Co. Inc. by 4.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager's stock worth $321,000 after purchasing an additional 99 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 1.1%

KKR stock opened at $89.96 on Wednesday. The stock has a 50-day simple moving average of $111.64 and a two-hundred day simple moving average of $122.90. KKR & Co. Inc. has a twelve month low of $84.52 and a twelve month high of $153.87. The firm has a market capitalization of $80.20 billion, a PE ratio of 38.44, a PEG ratio of 0.65 and a beta of 2.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.The firm had revenue of $5.93 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period in the previous year, the company posted $1.32 earnings per share. The company's quarterly revenue was up 76.1% compared to the same quarter last year. On average, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.'s payout ratio is 31.62%.

Insider Activity

In related news, Director Timothy R. Barakett acquired 50,000 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director owned 285,000 shares of the company's stock, valued at approximately $26,923,950. The trade was a 21.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott C. Nuttall acquired 125,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the acquisition, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 393,872 shares of company stock worth $40,090,679. Company insiders own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KKR shares. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an "outperform" rating and a $137.00 price target on the stock. Weiss Ratings upgraded KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, February 4th. Finally, Barclays reduced their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $151.80.

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.

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