BI Asset Management Fondsmaeglerselskab A S Has $38.07 Million Stake in KKR & Co. Inc. $KKR

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 298,664 shares of the asset manager’s stock after purchasing an additional 27,320 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in KKR & Co. Inc. were worth $38,074,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KKR. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Washington Trust Advisors Inc. acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Elyxium Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $93.51 on Friday. The business has a 50 day moving average price of $96.81 and a 200 day moving average price of $108.17. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a market cap of $83.96 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 0.83 and a beta of 1.79. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. Research analysts predict that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. announced that its Board of Directors has approved a share buyback program on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.195 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Cowen lowered their price objective on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Morgan Stanley decreased their target price on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.53.

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.