Andra AP fonden Boosts Holdings in KKR & Co. Inc. $KKR

Andra AP fonden lifted its holdings in KKR & Co. Inc. (NYSE:KKR) by 201.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,630 shares of the asset manager’s stock after purchasing an additional 38,530 shares during the period. Andra AP fonden’s holdings in KKR & Co. Inc. were worth $5,331,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. SouthState Bank Corp grew its stake in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after acquiring an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $29,000. Finally, MV Capital Management Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $31,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the transaction, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.20% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $95.66 on Thursday. The firm has a market capitalization of $85.89 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The business’s fifty day moving average price is $95.33 and its 200 day moving average price is $100.68. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets decreased their target price on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Barclays increased their price target on KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Royal Bank Of Canada decreased their price objective on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley lowered their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.08.

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.