BROOKFIELD Corp ON Invests $26.09 Million in KKR & Co. Inc. $KKR

BROOKFIELD Corp ON acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 282,000 shares of the asset manager’s stock, valued at approximately $26,085,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Manage LLC grew its holdings in KKR & Co. Inc. by 41.4% in the first quarter. Family Manage LLC now owns 6,434 shares of the asset manager’s stock worth $595,000 after purchasing an additional 1,883 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $4,280,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of KKR & Co. Inc. by 2,752.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 695,765 shares of the asset manager’s stock valued at $64,358,000 after purchasing an additional 671,372 shares during the last quarter. FreeGulliver LLC lifted its holdings in shares of KKR & Co. Inc. by 5.3% during the 1st quarter. FreeGulliver LLC now owns 4,258 shares of the asset manager’s stock valued at $394,000 after purchasing an additional 215 shares during the last quarter. Finally, Waverly Advisors LLC boosted its position in shares of KKR & Co. Inc. by 44.3% in the 1st quarter. Waverly Advisors LLC now owns 113,145 shares of the asset manager’s stock worth $10,466,000 after purchasing an additional 34,717 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $99.48 on Monday. The company has a market cap of $89.32 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 0.84 and a beta of 1.79. 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’s fifty day moving average price is $95.30 and its 200 day moving average price is $100.20. 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 issued its quarterly 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, equities research analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current year.

KKR & Co. Inc. declared that its board has initiated a share repurchase program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.195 dividend. The ex-dividend date 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 dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 26.53%.

Insider Activity at KKR & Co. Inc.

In related news, EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on KKR shares. HSBC boosted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, TD Cowen lowered their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.

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.