Mediolanum International Funds Ltd Buys 316,875 Shares of KKR & Co. Inc. $KKR

Mediolanum International Funds Ltd lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 15,540.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,914 shares of the asset manager’s stock after purchasing an additional 316,875 shares during the period. Mediolanum International Funds Ltd’s holdings in KKR & Co. Inc. were worth $28,817,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in KKR & Co. Inc. by 54.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager’s stock valued at $58,000 after buying an additional 223 shares in the last quarter. Kesler Norman & Wride LLC boosted its position in KKR & Co. Inc. by 11.7% in the 1st quarter. Kesler Norman & Wride LLC now owns 4,167 shares of the asset manager’s stock valued at $385,000 after buying an additional 436 shares during the period. Kera Capital Partners Inc. grew its stake in KKR & Co. Inc. by 14.2% in the 1st quarter. Kera Capital Partners Inc. now owns 3,124 shares of the asset manager’s stock worth $289,000 after acquiring an additional 388 shares in the last quarter. SteelPeak Wealth LLC grew its stake in KKR & Co. Inc. by 27.7% in the 1st quarter. SteelPeak Wealth LLC now owns 3,256 shares of the asset manager’s stock worth $301,000 after acquiring an additional 707 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of KKR & Co. Inc. during the first quarter worth approximately $850,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In related news, EVP Yael Cosset sold 30,000 shares of the business’s 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 completion of the transaction, the executive vice president owned 127,868 shares of the company’s stock, valued at $7,518,638.40. The trade was a 19.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada dropped their price objective on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Oppenheimer reduced their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday. 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 research report on Monday, July 13th. Finally, The Goldman Sachs Group decreased their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $130.50.

KKR & Co. Inc. Stock Down 1.8%

Shares of KKR & Co. Inc. stock opened at $100.94 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $90.63 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 0.84 and a beta of 1.79. The firm’s 50-day moving average is $95.46 and its two-hundred day moving average is $101.54. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year 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 EPS for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The business had revenue of $5.74 billion during the quarter. As a group, research analysts expect that KKR & Co. Inc. will post 5.58 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally a sign 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. Investors of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 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.