MUFG Securities EMEA plc Has $3.59 Million Stake in KKR & Co. Inc. $KKR

MUFG Securities EMEA plc lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 114.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,133 shares of the asset manager’s stock after buying an additional 15,002 shares during the period. MUFG Securities EMEA plc’s holdings in KKR & Co. Inc. were worth $3,586,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. SteelPeak Wealth LLC lifted its holdings in KKR & Co. Inc. by 3.2% in the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after buying an additional 80 shares during the period. Diversified Trust Co. raised its holdings in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares during the period. Modera Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 4.9% during the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after acquiring an additional 84 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of KKR & Co. Inc. by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after acquiring an additional 90 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its position in shares of KKR & Co. Inc. by 3.0% during the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after acquiring an additional 92 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KKR shares. UBS Group raised their target price 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. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. BMO Capital Markets cut their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. TD Cowen cut their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $95.04 on Tuesday. The company has a 50-day simple moving average of $96.55 and a two-hundred day simple moving average of $108.86. The stock has a market capitalization of $85.34 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 0.83 and a beta of 1.85. 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. has a twelve month low of $82.67 and a twelve month high of $153.87.

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

KKR & Co. Inc. Increases Dividend

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

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

Insider Activity

In related news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director owned 285,000 shares of the company’s stock, valued at $26,923,950. This trade represents a 21.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.20% of the company’s stock.

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.