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

WINTON GROUP Ltd grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 100.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,350 shares of the asset manager’s stock after acquiring an additional 26,220 shares during the quarter. WINTON GROUP Ltd’s holdings in KKR & Co. Inc. were worth $6,674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KKR. Asset Dedication LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $26,000. GGM Financials LLC purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KKR shares. Barclays dropped their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Piper Sandler dropped their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. The Goldman Sachs Group dropped their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Stock Performance

KKR opened at $93.51 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The company has a market cap of $83.96 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 0.81 and a beta of 1.79. The company’s 50 day moving average is $96.81 and its 200 day moving average is $108.17. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, equities research analysts predict that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. declared that its board has initiated a share repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is 26.53%.

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.