Caldwell Investment Management Ltd. Purchases New Holdings in KKR & Co. Inc. $KKR

Caldwell Investment Management Ltd. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the asset manager’s stock, valued at approximately $18,342,000. KKR & Co. Inc. comprises approximately 12.0% of Caldwell Investment Management Ltd.’s portfolio, making the stock its 4th biggest position.

Several other large investors have also made changes to their positions in KKR. Allworth Financial LP acquired a new position in KKR & Co. Inc. in the second quarter valued at about $1,052,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $6,272,000. Silvant Capital Management LLC acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $34,000. Oxford Financial Group LTD. LLC acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $306,000. Finally, Advisors Capital Management LLC bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $310,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 1.5%

Shares of KKR stock opened at $108.59 on Friday. 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 1-year low of $82.67 and a 1-year high of $152.10. The stock has a 50-day moving average of $100.09 and a 200-day moving average of $97.62. The stock has a market cap of $97.47 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 0.91 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period in the previous year, the business earned $1.18 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a $0.195 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is currently 24.84%.

KKR & Co. Inc. declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. UBS Group upped their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Oppenheimer lowered their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Morgan Stanley dropped their price objective on shares of 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. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.