Governors Lane LP Increases Stock Holdings in KKR & Co. Inc. $KKR

Governors Lane LP lifted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 186,636 shares of the asset manager’s stock after acquiring an additional 29,029 shares during the period. KKR & Co. Inc. makes up 1.4% of Governors Lane LP’s holdings, making the stock its 12th biggest holding. Governors Lane LP’s holdings in KKR & Co. Inc. were worth $23,792,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KKR. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in KKR & Co. Inc. by 5.2% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock worth $170,736,000 after purchasing an additional 65,178 shares during the last quarter. Banco Santander S.A. increased its holdings in KKR & Co. Inc. by 5,405.9% during the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock worth $18,839,000 after purchasing an additional 142,337 shares during the last quarter. Cumberland Partners Ltd increased its holdings in KKR & Co. Inc. by 816.2% during the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after purchasing an additional 22,976 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its holdings in KKR & Co. Inc. by 63.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock worth $12,862,000 after purchasing an additional 38,322 shares during the last quarter. Finally, Employees Retirement System of Texas increased its holdings in KKR & Co. Inc. by 54.9% during the 3rd quarter. Employees Retirement System of Texas now owns 540,300 shares of the asset manager’s stock worth $70,212,000 after purchasing an additional 191,600 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 1.8%

NYSE:KKR opened at $97.17 on Thursday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The firm has a market capitalization of $87.24 billion, a P/E ratio of 33.05, a P/E/G ratio of 0.86 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $97.67 and a 200 day simple moving average of $106.89.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Equities research analysts predict that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

KKR & Co. Inc. declared that its board has initiated 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 shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

KKR has been the topic of several analyst reports. UBS Group lifted their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Barclays lowered their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets lowered their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Oppenheimer lowered their price target on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.53.

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.