Bearing Point Capital LLC Invests $4.34 Million in KKR & Co. Inc. (NYSE:KKR)

Bearing Point Capital LLC acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 29,358 shares of the asset manager’s stock, valued at approximately $4,342,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KKR. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $1,435,314,000. GQG Partners LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $325,752,000. Proficio Capital Partners LLC boosted its stake in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $218,918,000. Finally, Roberts Foundation purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $147,910,000. 76.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen dropped their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Citigroup dropped their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday. Barclays raised their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $144.33.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $117.00 on Friday. The business has a 50-day simple moving average of $112.48 and a two-hundred day simple moving average of $136.94. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market cap of $103.93 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was down 67.8% compared to the same quarter last year. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. KKR & Co. Inc.’s payout ratio is 31.22%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.