69,000 Shares in KKR & Co. Inc. $KKR Bought by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,000 shares of the asset manager’s stock, valued at approximately $6,137,000. KKR & Co. Inc. makes up approximately 2.6% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC raised its stake in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares in the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in KKR & Co. Inc. during the second quarter valued at approximately $4,826,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. BMO Capital Markets raised their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Argus increased their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley lowered their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.75.

KKR & Co. Inc. Trading Down 0.1%

KKR & Co. Inc. stock opened at $113.93 on Monday. The stock has a 50-day moving average price of $98.75 and a 200 day moving average price of $97.75. The company has a market capitalization of $102.27 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping 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 company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $1.18 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.68 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend 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 currently 24.84%.

KKR & Co. Inc. announced that its board has approved a stock buyback program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.