iSAM Funds UK Ltd Makes New $844,000 Investment in KKR & Co. Inc. $KKR

iSAM Funds UK Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,200 shares of the asset manager’s stock, valued at approximately $844,000.

A number of other large investors have also recently modified their holdings of KKR. Principal Financial Group Inc. grew its holdings in shares of KKR & Co. Inc. by 6.9% during the first quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after purchasing an additional 1,261,314 shares in the last quarter. Geode Capital Management LLC raised its stake in KKR & Co. Inc. by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock valued at $1,903,220,000 after purchasing an additional 146,285 shares in the last quarter. Norges Bank bought a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $1,715,929,000. First Manhattan CO. LLC. lifted its position in KKR & Co. Inc. by 0.8% during the fourth quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock valued at $1,095,951,000 after purchasing an additional 67,441 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in KKR & Co. Inc. by 0.4% in the 4th quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock worth $714,195,000 after buying an additional 23,483 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KKR. Royal Bank Of Canada increased their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. BMO Capital Markets raised their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Oppenheimer raised their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

KKR & Co. Inc. Trading Up 0.1%

NYSE:KKR opened at $106.56 on Thursday. The company has a fifty day moving average of $101.98 and a 200 day moving average of $97.74. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week 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 firm has a market capitalization of $95.65 billion, a P/E ratio of 33.94, a P/E/G ratio of 0.99 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results 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 business had revenue of $5.73 billion for the quarter, compared to analyst estimates 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 earned $1.18 EPS. On average, research analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio 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.