61,000 Shares in KKR & Co. Inc. $KKR Bought by Q Global Advisors LLC

Q Global Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,000 shares of the asset manager’s stock, valued at approximately $5,643,000. KKR & Co. Inc. makes up 5.0% of Q Global Advisors LLC’s investment portfolio, making the stock its 8th biggest holding.

Other large investors also recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd increased its stake in shares of KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after purchasing an additional 55,000 shares in the last quarter. Andra AP fonden lifted its stake in KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after buying an additional 38,530 shares in the last quarter. Third View Private Wealth LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $3,126,000. Concurrent Investment Advisors LLC grew its holdings in KKR & Co. Inc. by 125.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after buying an additional 10,982 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in KKR & Co. Inc. by 152.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after buying an additional 105,070 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the subject of several recent research reports. Oppenheimer dropped their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada cut their target price on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, BMO Capital Markets reduced 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. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $128.08.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 0.1%

Shares of KKR opened at $99.48 on Monday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. 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 $100.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is 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.