Quantbot Technologies LP Takes Position in KKR & Co. Inc. $KKR

Quantbot Technologies LP purchased a new position in KKR & Co. Inc. (NYSE:KKR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 69,099 shares of the asset manager’s stock, valued at approximately $8,979,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 1.0% during the third quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock worth $7,698,608,000 after acquiring an additional 585,893 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after purchasing an additional 765,457 shares during the last quarter. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $1,530,419,000. Lone Pine Capital LLC boosted its position in shares of KKR & Co. Inc. by 9.6% in the 2nd quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock worth $694,652,000 after purchasing an additional 457,998 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of KKR & Co. Inc. by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 4,576,310 shares of the asset manager’s stock worth $608,787,000 after buying an additional 288,006 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group reduced 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. Royal Bank Of Canada assumed coverage on KKR & Co. Inc. in a report on Tuesday. They set an “outperform” rating and a $137.00 price target for the company. Barclays lowered their price target on 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. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $152.40.

KKR & Co. Inc. Trading Down 6.6%

KKR & Co. Inc. stock opened at $87.43 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $153.87. The business’s fifty day moving average is $117.03 and its 200 day moving average is $125.62. The stock has a market capitalization of $77.93 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 0.67 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.

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 analysts’ consensus estimates of $1.14 by ($0.02). The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business 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 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 0.8%. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

Insider Activity at KKR & Co. Inc.

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