UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in KKR & Co. Inc. $KKR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in KKR & Co. Inc. (NYSE:KKR) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,461,541 shares of the asset manager’s stock after acquiring an additional 55,489 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in KKR & Co. Inc. were worth $317,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. New Mexico Educational Retirement Board increased its stake in shares of KKR & Co. Inc. by 6.2% during the second quarter. New Mexico Educational Retirement Board now owns 34,100 shares of the asset manager’s stock worth $3,130,000 after acquiring an additional 2,000 shares during the period. Royal London Asset Management Ltd. boosted its holdings in KKR & Co. Inc. by 1.3% in the 2nd quarter. Royal London Asset Management Ltd. now owns 215,773 shares of the asset manager’s stock valued at $19,804,000 after purchasing an additional 2,794 shares in the last quarter. Mufg Securities Americas Inc. boosted its holdings in KKR & Co. Inc. by 9.6% in the 2nd quarter. Mufg Securities Americas Inc. now owns 20,823 shares of the asset manager’s stock valued at $1,911,000 after purchasing an additional 1,830 shares in the last quarter. Van ECK Associates Corp increased its position in KKR & Co. Inc. by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 273,872 shares of the asset manager’s stock worth $25,136,000 after purchasing an additional 47,364 shares during the period. Finally, Nissay Asset Management Corp Japan increased its position in KKR & Co. Inc. by 4.3% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 83,485 shares of the asset manager’s stock worth $7,662,000 after purchasing an additional 3,417 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Oppenheimer raised their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Royal Bank Of Canada boosted their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Argus upped their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $109.99 on Tuesday. The stock has a fifty day moving average price of $101.42 and a 200 day moving average price of $97.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $98.73 billion, a PE ratio of 35.03, a P/E/G ratio of 0.92 and a beta of 1.78. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter last year, the business posted $1.18 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

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

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is presently 24.84%.

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.