GSA Capital Partners LLP Makes New 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, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,015 shares of the asset manager’s stock, valued at approximately $827,000.

Several other institutional investors have also recently made changes to their positions in KKR. Vanguard Group Inc. lifted its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock worth $7,657,034,000 after acquiring an additional 821,739 shares during the period. Principal Financial Group Inc. increased its position in KKR & Co. Inc. by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock valued at $1,804,470,000 after purchasing an additional 1,261,314 shares during the period. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock valued at $1,903,220,000 after purchasing an additional 146,285 shares in the last quarter. Norges Bank bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,715,929,000. Finally, First Manhattan CO. LLC. lifted its position in shares of KKR & Co. Inc. by 0.8% in the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock worth $1,095,951,000 after purchasing an additional 67,441 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR stock opened at $107.21 on Wednesday. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The firm has a market cap of $96.24 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 0.97 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. The firm has a 50-day simple moving average of $99.30 and a two-hundred day simple moving average of $97.63.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (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 firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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. 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 payout ratio is currently 24.84%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada boosted their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Argus upped their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, TD Cowen lifted their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.