Bain Capital Public Equity Management II LLC Has $108.66 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Bain Capital Public Equity Management II LLC lessened its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 734,651 shares of the asset manager's stock after selling 110,256 shares during the quarter. KKR & Co. Inc. accounts for about 4.9% of Bain Capital Public Equity Management II LLC's investment portfolio, making the stock its 9th largest holding. Bain Capital Public Equity Management II LLC owned approximately 0.08% of KKR & Co. Inc. worth $108,662,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its holdings in shares of KKR & Co. Inc. by 6,800.0% in the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock worth $41,000 after acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KKR. Keefe, Bruyette & Woods lifted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, JMP Securities decreased their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $144.73.

KKR & Co. Inc. Stock Performance

NYSE KKR traded down $0.98 on Tuesday, reaching $113.81. The stock had a trading volume of 3,547,439 shares, compared to its average volume of 4,980,898. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $101.09 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The firm has a fifty day moving average of $111.75 and a two-hundred day moving average of $136.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted 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. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company 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.