Nomura Asset Management Co. Ltd. Trims Position in KKR & Co. Inc. $KKR

Nomura Asset Management Co. Ltd. lessened its position in shares of KKR & Co. Inc. (NYSE:KKR) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 426,149 shares of the asset manager’s stock after selling 21,481 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in KKR & Co. Inc. were worth $54,325,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. ESL Trust Services LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at $26,000. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at $27,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $27,000. Finally, Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

KKR has been the subject of a number of research reports. Barclays reduced their price objective on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. TD Cowen reduced their price objective on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. UBS Group boosted their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets cut their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.53.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $96.00 on Monday. The stock has a 50-day simple moving average of $96.46 and a two-hundred day simple moving average of $109.04. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $86.20 billion, a PE ratio of 32.65, a P/E/G ratio of 0.83 and a beta of 1.80.

KKR & Co. Inc. (NYSE:KKR) last released 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 business had revenue of $5.74 billion during the quarter. Analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.195 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. declared that its board has authorized a share repurchase program on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

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.