KKR & Co. Inc. $KKR Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2,752.3% during the first quarter, Holdings Channel.com reports. The fund owned 695,765 shares of the asset manager’s stock after buying an additional 671,372 shares during the period. OMERS ADMINISTRATION Corp’s holdings in KKR & Co. Inc. were worth $64,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FreeGulliver LLC boosted its stake in shares of KKR & Co. Inc. by 5.3% in the 1st quarter. FreeGulliver LLC now owns 4,258 shares of the asset manager’s stock valued at $394,000 after buying an additional 215 shares during the period. Waverly Advisors LLC increased its stake in shares of KKR & Co. Inc. by 44.3% during the first quarter. Waverly Advisors LLC now owns 113,145 shares of the asset manager’s stock worth $10,466,000 after buying an additional 34,717 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of KKR & Co. Inc. by 92.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 436,213 shares of the asset manager’s stock worth $40,350,000 after buying an additional 209,081 shares during the period. Renaissance Technologies LLC acquired a new stake in KKR & Co. Inc. in the first quarter valued at approximately $23,805,000. Finally, Gamco Investors INC. ET AL lifted its stake in KKR & Co. Inc. by 2.9% in the first quarter. Gamco Investors INC. ET AL now owns 363,570 shares of the asset manager’s stock worth $33,630,000 after acquiring an additional 10,402 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 3.7%

Shares of KKR opened at $99.48 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $89.32 billion, a PE ratio of 33.84, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The stock has a fifty day moving average of $95.30 and a two-hundred day moving average of $100.44. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion for the quarter. As a group, analysts forecast that KKR & Co. Inc. will post 5.54 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.195 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

KKR & Co. Inc. announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. 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. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Barclays boosted their target price on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. TD Cowen dropped their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.08.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. This trade represents a 19.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. 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.