Quantbot Technologies LP acquired a new position in KKR & Co. Inc. (NYSE:KKR – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 27,591 shares of the asset manager’s stock, valued at approximately $2,532,000.
Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $1,715,929,000. Bank of New York Mellon Corp bought a new stake in KKR & Co. Inc. in the second quarter worth about $298,311,000. Viking Global Investors LP bought a new stake in KKR & Co. Inc. in the third quarter worth about $352,038,000. Temasek Holdings Private Ltd lifted its holdings in KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after acquiring an additional 2,190,248 shares during the last quarter. Finally, Farallon Capital Management LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $257,216,000. Institutional investors and hedge funds own 76.26% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on KKR shares. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. UBS Group increased their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. TD Cowen raised their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, HSBC lifted their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.75.
KKR & Co. Inc. Trading Up 0.1%
NYSE KKR opened at $108.59 on Monday. The firm’s 50 day moving average price is $100.09 and its two-hundred day moving average price is $97.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The stock has a market cap of $97.47 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 0.92 and a beta of 1.78.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the prior year, the company earned $1.18 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 5.68 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be issued a $0.195 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.
KKR & Co. Inc. declared that its Board of Directors has approved a share buyback plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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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