KKR & Co. Inc. $KKR Shares Sold by Unisphere Establishment

Unisphere Establishment cut its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 29.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,100,000 shares of the asset manager’s stock after selling 458,400 shares during the quarter. KKR & Co. Inc. makes up 0.9% of Unisphere Establishment’s holdings, making the stock its 28th biggest holding. Unisphere Establishment’s holdings in KKR & Co. Inc. were worth $101,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of KKR & Co. Inc. by 92.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 436,213 shares of the asset manager’s stock worth $40,350,000 after buying an additional 209,081 shares during the period. Renaissance Technologies LLC acquired a new position in KKR & Co. Inc. in the first quarter valued at $23,805,000. Gamco Investors INC. ET AL grew its position in KKR & Co. Inc. by 2.9% during the first quarter. Gamco Investors INC. ET AL now owns 363,570 shares of the asset manager’s stock valued at $33,630,000 after acquiring an additional 10,402 shares during the period. Morningstar Investment Management LLC grew its position in KKR & Co. Inc. by 10.4% during the first quarter. Morningstar Investment Management LLC now owns 18,053 shares of the asset manager’s stock valued at $1,670,000 after acquiring an additional 1,706 shares during the period. Finally, Compound Planning Inc. grew its position in KKR & Co. Inc. by 23.4% during the first quarter. Compound Planning Inc. now owns 21,715 shares of the asset manager’s stock valued at $2,009,000 after acquiring an additional 4,111 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Yael Cosset sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the transaction, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. The trade was a 19.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Stock Up 3.7%

Shares of NYSE KKR opened at $99.48 on Friday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a market cap of $89.32 billion, a P/E ratio of 33.84, a P/E/G ratio of 0.81 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. The stock has a fifty day moving average price of $95.30 and a 200 day moving average price of $100.44.

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

KKR & Co. Inc. announced that its board has initiated a share repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KKR. HSBC raised their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. UBS Group increased their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. BMO Capital Markets dropped their target price on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. The Goldman Sachs Group cut 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 report on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.08.

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.