UniSuper Management Pty Ltd Acquires 7,063 Shares of KKR & Co. Inc. $KKR

UniSuper Management Pty Ltd increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,718 shares of the asset manager’s stock after purchasing an additional 7,063 shares during the period. UniSuper Management Pty Ltd’s holdings in KKR & Co. Inc. were worth $6,981,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the second quarter worth $1,530,419,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in KKR & Co. Inc. by 454.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after acquiring an additional 1,132,046 shares during the last quarter. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock valued at $7,803,135,000 after acquiring an additional 1,099,263 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after purchasing an additional 765,457 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its holdings in shares of KKR & Co. Inc. by 166.1% during the 2nd quarter. Bain Capital Public Equity Management II LLC now owns 986,221 shares of the asset manager’s stock valued at $131,197,000 after purchasing an additional 615,591 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KKR has been the topic of a number of research analyst reports. UBS Group decreased their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. BMO Capital Markets began coverage on KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Citigroup dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $156.43.

KKR & Co. Inc. Trading Down 1.8%

KKR stock opened at $121.27 on Friday. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market capitalization of $108.10 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.99. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $128.15 and its two-hundred day simple moving average is $132.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter last year, the business earned $1.38 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

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.