OMERS ADMINISTRATION Corp Takes Position in KKR & Co. Inc. $KKR

OMERS ADMINISTRATION Corp bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 497,918 shares of the asset manager’s stock, valued at approximately $45,699,000.

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

KKR & Co. Inc. Price Performance

Shares of KKR opened at $108.59 on Monday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The firm’s 50-day simple moving average is $100.09 and its two-hundred day simple moving average is $97.51. The stock has a market cap of $97.47 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business earned $1.18 earnings per share. Analysts anticipate that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed 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. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen upped their target price on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Argus lifted their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. UBS Group upped their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets lifted their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $127.75.

About KKR & Co. Inc.

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.