Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new stake in KKR & Co. Inc. (NYSE:KKR – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,774 shares of the asset manager’s stock, valued at approximately $1,246,000. KKR & Co. Inc. makes up 2.9% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s portfolio, making the stock its 14th largest position.
Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in KKR & Co. Inc. by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock worth $170,736,000 after purchasing an additional 65,178 shares in the last quarter. Banco Santander S.A. grew its stake in KKR & Co. Inc. by 5,405.9% in the third quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock worth $18,839,000 after purchasing an additional 142,337 shares in the last quarter. Cumberland Partners Ltd grew its stake in KKR & Co. Inc. by 816.2% in the third quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after purchasing an additional 22,976 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in KKR & Co. Inc. by 63.2% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock worth $12,862,000 after purchasing an additional 38,322 shares in the last quarter. Finally, Employees Retirement System of Texas grew its stake in KKR & Co. Inc. by 54.9% in the third quarter. Employees Retirement System of Texas now owns 540,300 shares of the asset manager’s stock worth $70,212,000 after purchasing an additional 191,600 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
More KKR & Co. Inc. News
Here are the key news stories impacting KKR & Co. Inc. this week:
- Positive Sentiment: KKR announced Helix Digital Infrastructure, a new AI infrastructure platform with NVIDIA, Vistra and the Kuwait Investment Authority, aimed at financing data centers, power and connectivity needs for hyperscalers. The move highlights KKR’s push into a fast-growing AI-related market and could support long-term growth. Article Title
- Positive Sentiment: Reports also said KKR is helping launch a roughly $10 billion AI venture, reinforcing the firm’s role in a high-demand sector where private capital is pouring into data-center assets. Article Title
- Positive Sentiment: KKR and co-investors are nearing a nearly $3 billion deal to buy a majority stake in accounting firm Crowe, another sign that the firm continues to deploy capital into large private-market transactions. Article Title
- Neutral Sentiment: KKR’s appearance at the Morgan Stanley US Financials Conference likely added no immediate catalyst, but it kept investors focused on management’s outlook and strategy. Article Title
- Negative Sentiment: News that KKR is still working through Maya IPO issues with PLDT suggests some deal friction in the Philippines, which could slow a potential exit or delay monetization. Article Title
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. Equities research analysts predict that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.
KKR & Co. Inc. announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
KKR & Co. Inc. Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.
Wall Street Analyst Weigh In
KKR has been the subject of a number of analyst reports. UBS Group upped their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. TD Cowen lowered their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays lowered their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered their target price on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.53.
Read Our Latest Research Report on KKR
About KKR & Co. Inc.
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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