UniSuper Management Pty Ltd Acquires 7,063 Shares of KKR & Co. Inc. $KKR

UniSuper Management Pty Ltd lifted its stake in KKR & Co. Inc. (NYSE:KKR) by 15.1% during the third quarter, HoldingsChannel reports. The firm owned 53,718 shares of the asset manager’s stock after purchasing an additional 7,063 shares during the period. UniSuper Management Pty Ltd’s holdings in KKR & Co. Inc. were worth $6,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $218,000. Sivia Capital Partners LLC increased its holdings in KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares during the period. Norden Group LLC raised its position in KKR & Co. Inc. by 15.8% during the 2nd quarter. Norden Group LLC now owns 2,677 shares of the asset manager’s stock valued at $356,000 after purchasing an additional 366 shares in the last quarter. Finally, CX Institutional increased its stake in shares of KKR & Co. Inc. by 68.9% during the second quarter. CX Institutional now owns 2,317 shares of the asset manager’s stock valued at $308,000 after buying an additional 945 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 1.8%

Shares of KKR stock opened at $121.27 on Friday. The stock’s fifty day moving average price is $128.15 and its 200 day moving average price is $132.62. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a market cap of $108.10 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business posted $1.38 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. BMO Capital Markets started coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price for the company. UBS Group dropped their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.43.

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.