19,700 Shares in KKR & Co. Inc. $KKR Purchased by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,700 shares of the asset manager’s stock, valued at approximately $1,808,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Border to Coast Pensions Partnership Ltd boosted its position in shares of KKR & Co. Inc. by 14.5% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after purchasing an additional 55,000 shares in the last quarter. Andra AP fonden increased its position in KKR & Co. Inc. by 201.7% during the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after buying an additional 38,530 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in KKR & Co. Inc. by 125.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 10,982 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in KKR & Co. Inc. by 152.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock worth $22,182,000 after purchasing an additional 105,070 shares in the last quarter. Finally, Next Capital Management LLC boosted its stake in KKR & Co. Inc. by 135.6% in the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock worth $4,419,000 after purchasing an additional 27,498 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. TD Cowen increased their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.75.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $107.29 on Tuesday. The firm’s 50 day moving average price is $100.27 and its 200-day moving average price is $97.53. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $96.31 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the firm posted $1.18 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current year.

KKR & Co. Inc. announced that its board has approved a stock repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 24.84%.

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.