Healthcare of Ontario Pension Plan Trust Fund Increases Stake in KKR & Co. Inc. $KKR

Healthcare of Ontario Pension Plan Trust Fund boosted its position in KKR & Co. Inc. (NYSE:KKR) by 92.1% during the first quarter, HoldingsChannel reports. The fund owned 436,213 shares of the asset manager’s stock after buying an additional 209,081 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in KKR & Co. Inc. were worth $40,350,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Border to Coast Pensions Partnership Ltd lifted its position in shares of KKR & Co. Inc. by 14.5% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after acquiring an additional 55,000 shares in the last quarter. Andra AP fonden raised its stake in shares of 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 purchasing an additional 38,530 shares during the period. Third View Private Wealth LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $3,126,000. Concurrent Investment Advisors LLC boosted its stake in KKR & Co. Inc. by 125.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after purchasing an additional 10,982 shares during the period. Finally, 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 during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KKR. TD Cowen decreased their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reduced 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 note on Tuesday, April 7th. BMO Capital Markets decreased their target price on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Royal Bank Of Canada decreased their target price on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Eleven investment 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, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

Insider Buying and Selling at KKR & Co. Inc.

In related news, EVP Yael Cosset sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the transaction, the executive vice president directly owned 127,868 shares in the company, valued at approximately $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $99.48 on Friday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The business has a 50-day simple moving average of $95.30 and a 200 day simple moving average of $100.44. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock 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.

KKR & Co. Inc. (NYSE:KKR) last announced 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. On average, research analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. 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 $0.18. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 26.53%.

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

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.