Rathbones Group PLC lifted its position in KKR & Co. Inc. (NYSE:KKR – Free Report) by 84.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500,547 shares of the asset manager’s stock after purchasing an additional 686,175 shares during the period. Rathbones Group PLC’s holdings in KKR & Co. Inc. were worth $191,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in KKR. Strive Asset Management LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $535,907,000. Viking Global Investors LP acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $352,038,000. Close Asset Management Ltd lifted its stake in shares of KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after purchasing an additional 1,479,688 shares during the period. Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after purchasing an additional 821,739 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of KKR & Co. Inc. by 3,981.9% in the 4th quarter. M&T Bank Corp now owns 718,536 shares of the asset manager’s stock valued at $91,599,000 after purchasing an additional 700,933 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. This represents a 21.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.20% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Report on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
Shares of NYSE KKR opened at $94.37 on Thursday. The firm has a market cap of $84.73 billion, a PE ratio of 32.10, a PEG ratio of 0.82 and a beta of 1.85. The firm has a fifty day moving average of $95.46 and a 200 day moving average of $110.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The business had revenue of $5.74 billion during the quarter. As a group, research analysts predict that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.
KKR & Co. Inc. announced that its board has initiated a share buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
KKR & Co. Inc. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is 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 currently 26.53%.
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.
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