Moore Capital Management LP Sells 78,000 Shares of KKR & Co. Inc. $KKR

Moore Capital Management LP lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 35.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 139,600 shares of the asset manager’s stock after selling 78,000 shares during the period. Moore Capital Management LP’s holdings in KKR & Co. Inc. were worth $12,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Two Sigma Securities LLC grew its position in KKR & Co. Inc. by 530.7% during the second quarter. Two Sigma Securities LLC now owns 19,677 shares of the asset manager’s stock valued at $1,806,000 after buying an additional 16,557 shares during the period. Benjamin Edwards Inc. lifted its position in KKR & Co. Inc. by 3.1% during the second quarter. Benjamin Edwards Inc. now owns 24,738 shares of the asset manager’s stock valued at $2,270,000 after purchasing an additional 741 shares in the last quarter. Flputnam Investment Management Co. bought a new stake in KKR & Co. Inc. during the second quarter valued at about $230,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in KKR & Co. Inc. by 1.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,461,541 shares of the asset manager’s stock worth $317,700,000 after buying an additional 55,489 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in shares of KKR & Co. Inc. by 6.2% in the second quarter. New Mexico Educational Retirement Board now owns 34,100 shares of the asset manager’s stock worth $3,130,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. News Roundup

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Strong analyst price-target increase: Oppenheimer raised its KKR price target from $139 to $166 and reiterated an “outperform” rating, implying substantial upside from recent levels. Benzinga analyst rating report
• Positive Sentiment: Expansion in private aviation infrastructure: Apollo-managed funds acquired a significant interest in Atlantic Aviation, while KKR-managed funds remain a substantial shareholder. The partnership could support Atlantic Aviation’s growth and preserve KKR’s exposure to a potentially attractive infrastructure platform. Apollo Funds and KKR Announce Strategic Partnership
• Positive Sentiment: New infrastructure investment: KKR and Apollo are partnering with Enbridge on approximately C$2.7 billion of expansions to the Westcoast natural-gas pipeline system in British Columbia, expanding KKR’s exposure to energy infrastructure and long-term contracted assets. Enbridge, KKR form joint venture
• Positive Sentiment: AI data-center exposure: KKR is investing in SK Telecom’s newly launched SK Horizon, an AI data-center infrastructure company. The deal gives KKR participation in the expanding demand for data-center capacity and digital infrastructure. SK Horizon investment announcement
• Neutral Sentiment: Antitrust case resolution: KKR agreed to a stipulation and order with the U.S. Department of Justice, potentially removing some uncertainty, although the settlement also highlights ongoing regulatory and legal risks. KKR reaches settlement in DOJ antitrust case
• Neutral Sentiment: Fixed-income appeal: An analysis described KKR’s “baby bonds” as offering potential capital appreciation, but this is an investment view on the company’s debt securities rather than a direct earnings catalyst for common stock. KKR baby bonds analysis
• Negative Sentiment: Reported fraud investigation: A law firm is seeking KKR investors to participate in a fraud investigation, creating potential litigation, reputational, and financial risks. The notice does not establish wrongdoing, but it may weigh on sentiment. KKR investor fraud investigation notice

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $108.74 on Monday. The stock has a 50 day moving average of $101.16 and a 200 day moving average of $97.68. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The firm has a market cap of $97.61 billion, a PE ratio of 34.63, a PEG ratio of 0.92 and a beta of 1.78. 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. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business posted $1.18 EPS. On average, research analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

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

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a $0.195 dividend. The ex-dividend date was 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 24.84%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group upped their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Royal Bank Of Canada increased 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. Finally, 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. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.00.

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.