Privium Fund Management UK Ltd Invests $6.14 Million in KKR & Co. Inc. $KKR

Privium Fund Management UK Ltd purchased a new stake in KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 69,000 shares of the asset manager’s stock, valued at approximately $6,137,000. KKR & Co. Inc. accounts for approximately 2.6% of Privium Fund Management UK Ltd’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its holdings in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the topic of several analyst reports. HSBC lifted their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Royal Bank Of Canada upped their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Finally, Argus increased their price target on 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 assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.75.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $113.93 on Monday. The company has a market cap of $102.27 billion, a P/E ratio of 36.28, a PEG ratio of 0.97 and a beta of 1.78. The firm has a fifty day moving average price of $98.75 and a 200 day moving average price of $97.75. 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 quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period last year, the firm earned $1.18 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

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

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 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.