9,200 Shares in KKR & Co. Inc. $KKR Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,200 shares of the asset manager’s stock, valued at approximately $844,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. SouthState Bank Corp grew its stake in shares of KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $29,000. Finally, MV Capital Management Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter worth about $31,000. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KKR. BMO Capital Markets upped their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Finally, Argus raised their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE KKR opened at $106.56 on Thursday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The business has a 50-day simple moving average of $101.98 and a two-hundred day simple moving average of $97.74. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a market cap of $95.65 billion, a P/E ratio of 33.94, a P/E/G ratio of 0.99 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate 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 firm posted $1.18 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

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.