Landscape Capital Management L.L.C. Takes Position in KKR & Co. Inc. $KKR

Landscape Capital Management L.L.C. acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,979 shares of the asset manager’s stock, valued at approximately $1,834,000.

A number of other large investors also recently bought and sold shares of KKR. Border to Coast Pensions Partnership Ltd raised its position in shares of KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares during the period. Andra AP fonden grew its position in KKR & Co. Inc. by 201.7% in the first quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock worth $5,331,000 after acquiring an additional 38,530 shares during the period. Concurrent Investment Advisors LLC grew its position in KKR & Co. Inc. by 125.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after acquiring an additional 10,982 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in KKR & Co. Inc. by 152.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock worth $22,182,000 after acquiring an additional 105,070 shares during the last quarter. Finally, Next Capital Management LLC increased its stake in KKR & Co. Inc. by 135.6% during the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock worth $4,419,000 after acquiring an additional 27,498 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $108.59 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The firm has a market cap of $97.47 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 0.93 and a beta of 1.78. The company’s 50 day moving average is $100.09 and its two-hundred day moving average is $97.62.

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

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be paid a dividend of $0.195 per share. 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 presently 24.84%.

KKR & Co. Inc. announced that its board has initiated a share repurchase plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KKR. Argus upped their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. TD Cowen upped their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their target price 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. Finally, Barclays lifted their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.75.

KKR & Co. Inc. Company 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.