Osmosis Investment Management UK Ltd Makes New Investment in KKR & Co. Inc. $KKR

Osmosis Investment Management UK Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,700 shares of the asset manager’s stock, valued at approximately $1,808,000.

Other large investors have also recently modified their holdings of the company. Border to Coast Pensions Partnership Ltd raised its position in shares of KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares in the last quarter. Andra AP fonden increased its stake in KKR & Co. Inc. by 201.7% in the first quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after acquiring an additional 38,530 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in KKR & Co. Inc. by 125.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after acquiring an additional 10,982 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in KKR & Co. Inc. by 152.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after purchasing an additional 105,070 shares in the last quarter. Finally, Next Capital Management LLC raised its position in KKR & Co. Inc. by 135.6% during the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock valued at $4,419,000 after purchasing an additional 27,498 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $107.29 on Tuesday. The stock has a market capitalization of $96.31 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 0.92 and a beta of 1.78. The firm’s 50-day moving average price is $100.27 and its two-hundred day moving average price is $97.53. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the prior year, the business posted $1.18 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. declared that its board has initiated a share repurchase program on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KKR shares. Argus upped their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. UBS Group increased their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, HSBC boosted their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $127.75.

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.