Sapient Capital LLC Makes New Investment in KKR & Co. Inc. (NYSE:KKR)

Sapient Capital LLC purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,094 shares of the asset manager’s stock, valued at approximately $256,000.

Several other hedge funds have also added to or reduced their stakes in KKR. Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after acquiring an additional 475,118 shares during the last quarter. Wellington Management Group LLP raised its position in KKR & Co. Inc. by 297.0% during the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after acquiring an additional 3,794,837 shares in the last quarter. California Public Employees Retirement System lifted its stake in KKR & Co. Inc. by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 1,202,841 shares of the asset manager’s stock valued at $99,655,000 after acquiring an additional 9,266 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of KKR & Co. Inc. by 14.2% in the 4th quarter. Natixis Advisors L.P. now owns 635,090 shares of the asset manager’s stock valued at $52,616,000 after acquiring an additional 78,853 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of KKR & Co. Inc. by 215.5% during the 4th quarter. Jennison Associates LLC now owns 340,882 shares of the asset manager’s stock worth $28,242,000 after purchasing an additional 232,821 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research analyst reports. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. JMP Securities boosted their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen lowered their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.00.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $99.56 on Wednesday. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The firm has a market capitalization of $88.11 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The firm has a fifty day simple moving average of $97.73 and a two-hundred day simple moving average of $85.27. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Analysts forecast that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a $0.175 dividend. The ex-dividend date is Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.70%. KKR & Co. Inc.’s dividend payout ratio is 14.80%.

Insider Activity

In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.