Caldwell Investment Management Ltd. Invests $18.34 Million in KKR & Co. Inc. $KKR

Caldwell Investment Management Ltd. purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the 2nd quarter, HoldingsChannel reports. The fund purchased 200,000 shares of the asset manager’s stock, valued at approximately $18,342,000. KKR & Co. Inc. accounts for 12.0% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 4th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. SouthState Bank Corp raised its stake 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 buying an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $29,000. Finally, MV Capital Management Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KKR shares. Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Royal Bank Of Canada lifted their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. UBS Group upped their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Oppenheimer dropped their target price on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Finally, BMO Capital Markets lifted their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.75.

KKR & Co. Inc. Trading Up 1.5%

NYSE KKR opened at $108.59 on Friday. The stock has a market cap of $97.47 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.78. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The stock has a 50 day simple moving average of $100.09 and a two-hundred day simple moving average of $97.62. 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 announced its quarterly 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. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current 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. announced that its board has authorized a share repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.