GSA Capital Partners LLP Makes New Investment in KKR & Co. Inc. $KKR

GSA Capital Partners LLP bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,425 shares of the asset manager’s stock, valued at approximately $705,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. Sivia Capital Partners LLC boosted its stake in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares in the last quarter. United Bank acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $769,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $208,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $101.14 on Friday. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87. The firm has a market cap of $90.15 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company’s 50-day moving average is $120.99 and its two-hundred day moving average is $127.24. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share 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 firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm earned $1.32 EPS. The business’s quarterly revenue was up 76.1% on a year-over-year basis. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

Analyst Ratings Changes

A number of analysts have commented on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Barclays cut their target price on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Oppenheimer lowered their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.50.

Insiders Place Their Bets

In other KKR & Co. Inc. news, CEO Scott C. Nuttall purchased 125,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was bought at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 343,872 shares of company stock worth $35,367,179 in the last three months. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company 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.