KKR & Co. Inc. $KKR Shares Sold by Nuveen LLC

Nuveen LLC lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,324,240 shares of the asset manager’s stock after selling 305,340 shares during the quarter. Nuveen LLC’s holdings in KKR & Co. Inc. were worth $806,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Xponance LLC raised its stake in KKR & Co. Inc. by 5.8% in the 4th quarter. Xponance LLC now owns 116,557 shares of the asset manager’s stock valued at $14,859,000 after purchasing an additional 6,377 shares during the last quarter. SmartHarvest Portfolios LLC purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $268,000. Picton Mahoney Asset Management grew its holdings in shares of KKR & Co. Inc. by 13.0% during the fourth quarter. Picton Mahoney Asset Management now owns 274,575 shares of the asset manager’s stock worth $35,003,000 after buying an additional 31,513 shares in the last quarter. Meeder Advisory Services Inc. raised its position in shares of KKR & Co. Inc. by 3.1% in the fourth quarter. Meeder Advisory Services Inc. now owns 10,456 shares of the asset manager’s stock valued at $1,333,000 after buying an additional 319 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of KKR & Co. Inc. by 5.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,514 shares of the asset manager’s stock valued at $703,000 after buying an additional 271 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. News Roundup

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR announced Helix Digital Infrastructure, a new AI infrastructure platform with NVIDIA, Vistra and the Kuwait Investment Authority, aimed at financing data centers, power and connectivity needs for hyperscalers. The move highlights KKR’s push into a fast-growing AI-related market and could support long-term growth. Article Title
• Positive Sentiment: Reports also said KKR is helping launch a roughly $10 billion AI venture, reinforcing the firm’s role in a high-demand sector where private capital is pouring into data-center assets. Article Title
• Positive Sentiment: KKR and co-investors are nearing a nearly $3 billion deal to buy a majority stake in accounting firm Crowe, another sign that the firm continues to deploy capital into large private-market transactions. Article Title
• Neutral Sentiment: KKR’s appearance at the Morgan Stanley US Financials Conference likely added no immediate catalyst, but it kept investors focused on management’s outlook and strategy. Article Title
• Negative Sentiment: News that KKR is still working through Maya IPO issues with PLDT suggests some deal friction in the Philippines, which could slow a potential exit or delay monetization. Article Title

KKR & Co. Inc. Stock Up 0.2%

Shares of NYSE:KKR opened at $95.24 on Friday. The stock’s 50-day moving average price is $97.17 and its two-hundred day moving average price is $107.52. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The firm has a market cap of $85.51 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 0.82 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion for the quarter. On average, research analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding 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 often an indication that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. 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 $0.19. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Piper Sandler cut their price objective on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. The Goldman Sachs Group cut their price objective on shares of 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. Finally, BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.53.

About KKR & Co. Inc.

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.