GSA Capital Partners LLP Makes New $827,000 Investment in KKR & Co. Inc. $KKR

GSA Capital Partners LLP purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, Holdings Channel.com reports. The fund purchased 9,015 shares of the asset manager’s stock, valued at approximately $827,000.

Several other hedge funds have also recently modified their holdings of KKR. Border to Coast Pensions Partnership Ltd boosted its position in KKR & Co. Inc. by 14.5% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares during the last quarter. Andra AP fonden increased its holdings in KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock worth $5,331,000 after buying an additional 38,530 shares during the period. Concurrent Investment Advisors LLC raised its position in KKR & Co. Inc. by 125.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after buying an additional 10,982 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in KKR & Co. Inc. by 152.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock worth $22,182,000 after buying an additional 105,070 shares during the last quarter. Finally, Next Capital Management LLC lifted its stake in KKR & Co. Inc. by 135.6% during the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock valued at $4,419,000 after acquiring an additional 27,498 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.5%

KKR & Co. Inc. stock opened at $107.21 on Wednesday. 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. The stock’s 50 day simple moving average is $99.30 and its two-hundred day simple moving average is $97.63. The firm has a market cap of $96.24 billion, a PE ratio of 34.14, a P/E/G ratio of 0.97 and a beta of 1.78.

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

KKR & Co. Inc. announced that its board has approved a share buyback plan on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders 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 yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

Analysts Set New Price Targets

Several research firms have recently commented on KKR. HSBC upped their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a report on Monday, July 20th. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Morgan Stanley lowered 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 report on Tuesday, July 21st. Finally, Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.75.

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.