Landscape Capital Management L.L.C. Acquires New Holdings in KKR & Co. Inc. $KKR

Landscape Capital Management L.L.C. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,972 shares of the asset manager’s stock, valued at approximately $2,291,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in KKR & Co. Inc. by 5.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock valued at $170,736,000 after buying an additional 65,178 shares during the period. Banco Santander S.A. raised its holdings in KKR & Co. Inc. by 5,405.9% in the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock valued at $18,839,000 after buying an additional 142,337 shares during the period. Cumberland Partners Ltd raised its holdings in KKR & Co. Inc. by 816.2% in the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock valued at $3,352,000 after buying an additional 22,976 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in KKR & Co. Inc. by 63.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock valued at $12,862,000 after buying an additional 38,322 shares during the period. Finally, Employees Retirement System of Texas raised its holdings in KKR & Co. Inc. by 54.9% in the 3rd quarter. Employees Retirement System of Texas now owns 540,300 shares of the asset manager’s stock valued at $70,212,000 after buying an additional 191,600 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KKR has been the subject of several research reports. Piper Sandler dropped their target price on 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. UBS Group lifted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. TD Cowen dropped their target price 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. BMO Capital Markets dropped their target price on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group dropped their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $96.37 on Monday. The company has a market cap of $86.52 billion, a P/E ratio of 32.78, a P/E/G ratio of 0.83 and a beta of 1.80. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a 50-day moving average of $97.27 and a two-hundred day moving average of $107.37. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its 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 during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, analysts anticipate that KKR & Co. Inc. will post 5.51 EPS for the current year.

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

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given 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 dividend on an annualized basis and a dividend 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. 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.