Eurizon Capital SGR S.p.A. Purchases Shares of 79,705 KKR & Co. Inc. $KKR

Eurizon Capital SGR S.p.A. purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 79,705 shares of the asset manager’s stock, valued at approximately $10,167,000.

Other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in KKR & Co. Inc. by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock valued at $170,736,000 after purchasing an additional 65,178 shares in the last quarter. Banco Santander S.A. increased its stake in shares of 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 acquiring an additional 142,337 shares during the period. Cumberland Partners Ltd increased its stake in shares of 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 acquiring an additional 22,976 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of 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 acquiring an additional 38,322 shares during the period. Finally, Employees Retirement System of Texas increased its stake in shares of 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 acquiring an additional 191,600 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $96.00 on Monday. The company’s fifty day moving average price is $96.46 and its 200 day moving average price is $109.04. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a market capitalization of $86.20 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 0.83 and a beta of 1.80. 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. (NYSE:KKR) last announced its quarterly 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 firm had revenue of $5.74 billion for the quarter. On average, research analysts predict that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is currently 26.53%.

KKR & Co. Inc. declared that its board has initiated a stock 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 purchase up to 0.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on KKR. Barclays cut their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $134.53.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the acquisition, the director owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. 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.