NEOS Investment Management LLC Acquires 25,792 Shares of KKR & Co. Inc. $KKR

NEOS Investment Management LLC lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 50.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,027 shares of the asset manager’s stock after buying an additional 25,792 shares during the period. NEOS Investment Management LLC’s holdings in KKR & Co. Inc. were worth $10,010,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Southeast Asset Advisors LLC raised its position in KKR & Co. Inc. by 0.3% during the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after purchasing an additional 68 shares during the period. Moors & Cabot Inc. boosted its stake in shares of KKR & Co. Inc. by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after purchasing an additional 75 shares during the period. Berbice Capital Management LLC grew its holdings in 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 raised its position in KKR & Co. Inc. by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after purchasing an additional 84 shares during the period. Finally, Cornerstone Advisory LLC boosted its position in shares of KKR & Co. Inc. by 3.0% during the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock valued at $412,000 after buying an additional 89 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research report on Wednesday, January 28th. Barclays decreased their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group cut their price target on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average price target of $156.57.

KKR & Co. Inc. Stock Up 0.6%

KKR & Co. Inc. stock opened at $102.38 on Wednesday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The business has a fifty day moving average price of $123.27 and a 200-day moving average price of $128.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $91.26 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 0.79 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business posted $1.32 earnings per share. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

Insider Activity

In related news, Director Timothy R. Barakett acquired 50,000 shares of the stock in a transaction dated Monday, February 9th. The stock was acquired at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the purchase, the director owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This represents a 27.03% increase in their position. The purchase 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.

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.