Gardner Lewis Asset Management L P Buys Shares of 5,210 KKR & Co. Inc. $KKR

Gardner Lewis Asset Management L P bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 5,210 shares of the asset manager’s stock, valued at approximately $677,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. in the third quarter valued at $26,000. Clearstead Trust LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $28,000. Richardson Financial Services Inc. increased its position in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $31,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $33,000. Institutional investors own 76.26% of the company’s stock.

Insider Activity

In other news, Director Matt Cohler bought 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the purchase, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 343,872 shares of company stock valued at $35,367,179. Company insiders own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KKR shares. 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 report on Friday. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Finally, Barclays lowered 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 note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.50.

KKR & Co. Inc. Trading Down 0.5%

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 capitalization of $90.15 billion, a P/E ratio of 43.22, a P/E/G ratio of 0.80 and a beta of 1.99. 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 business has a 50 day simple moving average of $120.99 and a 200 day simple moving average of $127.24.

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

KKR & Co. Inc. Announces Dividend

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

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.