Westfield Capital Management Co. LP Buys Shares of 672,895 KKR & Co. Inc. $KKR

Westfield Capital Management Co. LP purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 672,895 shares of the asset manager’s stock, valued at approximately $87,443,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth $27,000. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter worth $28,000. Richardson Financial Services Inc. raised its stake in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Wednesday, January 28th. UBS Group lowered their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Oppenheimer reduced their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday. They issued an “outperform” rating and a $137.00 price target for the company. Finally, TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.40.

Insider Activity at KKR & Co. Inc.

In other news, CEO Joseph Y. Bae bought 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott C. Nuttall purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the purchase, the chief executive officer directly owned 15,503,748 shares in the company, valued at $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 343,872 shares of company stock valued at $35,367,179 in the last ninety days. 39.34% of the stock is currently owned by insiders.

KKR & Co. Inc. Price Performance

KKR stock opened at $96.61 on Thursday. The business has a 50 day moving average price of $118.66 and a 200 day moving average price of $126.22. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $86.11 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 0.75 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 76.1% on a year-over-year basis. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share 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. Investors of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

About KKR & Co. Inc.

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.