USS Investment Management Ltd Buys 5,467 Shares of KKR & Co. Inc. $KKR

USS Investment Management Ltd raised its stake in KKR & Co. Inc. (NYSE:KKRFree Report) by 4.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 116,025 shares of the asset manager’s stock after buying an additional 5,467 shares during the quarter. USS Investment Management Ltd’s holdings in KKR & Co. Inc. were worth $10,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KKR. SteelPeak Wealth LLC grew its holdings in shares of KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares in the last quarter. Diversified Trust Co. raised its stake in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 82 shares in the last quarter. Modera Wealth Management LLC lifted its position in KKR & Co. Inc. by 4.9% during the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after purchasing an additional 84 shares during the period. Sound Income Strategies LLC lifted its position in KKR & Co. Inc. by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after purchasing an additional 90 shares during the period. Finally, Praxis Investment Management Inc. grew its stake in KKR & Co. Inc. by 0.9% during the fourth quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after buying an additional 94 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

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KKR & Co. Inc. Stock Up 0.8%

KKR stock opened at $92.48 on Thursday. The stock has a market capitalization of $83.04 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.79. 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 50-day moving average price of $96.70 and a 200-day moving average price of $104.30.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.53 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid 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 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is 26.53%.

Analyst Ratings Changes

Several equities analysts have recently commented on KKR shares. Piper Sandler dropped their target price 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 reduced their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. 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. Finally, Royal Bank Of Canada cut their target price on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.53.

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KKR & Co. Inc. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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