KKR & Co. Inc. $KKR Shares Acquired by Banco Santander S.A.

Banco Santander S.A. lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,994 shares of the asset manager’s stock after buying an additional 40,024 shares during the quarter. Banco Santander S.A.’s holdings in KKR & Co. Inc. were worth $23,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KKR. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 acquiring an additional 65,178 shares in the last quarter. Cumberland Partners Ltd increased its position 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 in the last quarter. B. Metzler seel. Sohn & Co. AG increased its position 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 in the last quarter. Employees Retirement System of Texas increased its position 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 in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of KKR & Co. Inc. by 1.0% in the third quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock worth $7,698,608,000 after acquiring an additional 585,893 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on KKR shares. Royal Bank Of Canada lowered their price objective on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. BMO Capital Markets lowered their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.53.

KKR & Co. Inc. Price Performance

KKR opened at $96.37 on Friday. The firm has a market cap of $86.52 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The company’s 50-day moving average price is $97.27 and its 200 day moving average price is $107.45. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, sell-side analysts expect that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

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

KKR & Co. Inc. Increases Dividend

The company also recently declared 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. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. This is a positive change 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 dividend payout ratio is presently 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.