6,500 Shares in KKR & Co. Inc. $KKR Bought by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,500 shares of the asset manager’s stock, valued at approximately $829,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $218,000. Sivia Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares during the last quarter. United Bank acquired a new position in shares of KKR & Co. Inc. in the second quarter valued at $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of KKR & Co. Inc. in the second quarter valued at $4,826,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. UBS Group upped their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Monday, May 4th. Finally, Piper Sandler decreased their price objective on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Trading Down 3.1%

Shares of KKR & Co. Inc. stock opened at $92.95 on Wednesday. The firm has a 50-day moving average of $95.39 and a 200-day moving average of $110.42. The stock has a market cap of $83.46 billion, a PE ratio of 31.62, a PEG ratio of 0.85 and a beta of 1.85. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (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%. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.46 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. announced that its board has authorized a stock buyback program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the transaction, the director owned 285,000 shares in the company, valued at $26,923,950. The trade was a 21.28% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.