777,883 Shares in KKR & Co. Inc. $KKR Bought by Algebris UK Ltd.

Algebris UK Ltd. bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 777,883 shares of the asset manager's stock, valued at approximately $71,169,000. KKR & Co. Inc. makes up approximately 4.7% of Algebris UK Ltd.'s portfolio, making the stock its 6th biggest holding. Algebris UK Ltd. owned 0.09% of KKR & Co. Inc. at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC lifted its position in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock worth $273,000 after buying an additional 237 shares during the last quarter. United Bank acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $4,826,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Trending Headlines about KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Expansion into Indian live entertainment: KKR agreed to acquire a minority stake in BookMyShow, India’s leading ticketing and live-entertainment platform. The investment gives KKR exposure to growth in concerts and events, including major international tours, and could generate future management and performance fees. Financial terms were not disclosed. KKR Invests in Indian Ticketing and Live Entertainment Platform BookMyShow
• Positive Sentiment: Potential UGI acquisition: Reports say KKR has offered approximately $9 billion to acquire UGI Corp., a U.S. natural-gas and electricity distributor. A successful transaction would materially expand KKR’s infrastructure and energy portfolio, though the offer is unsolicited and remains subject to negotiations and potential regulatory review. KKR makes $9 billion takeover bid for UGI
• Positive Sentiment: Additional healthcare opportunity: KKR reportedly emerged as the preferred bidder for a minority stake in Malaysia’s Avisena Healthcare, potentially valuing the company at about $370 million. The deal would add to KKR’s exposure to private healthcare in Asia, although it has not been finalized. KKR leads bidding race for minority stake in Malaysia’s Avisena
• Neutral Sentiment: Commentary highlighted KKR’s long-term investment platform and an 85 GF Score, but these are opinions and do not represent new company fundamentals. Broader market support from easing inflation and reduced interest-rate concerns may also benefit alternative-asset managers.
• Negative Sentiment: First Philippine Holdings reportedly rejected KKR’s initial bid for a stake in First Gen, showing that competitive bidding and execution risks could limit KKR’s ability to deploy capital in attractive infrastructure assets. FPH spurns KKR’s First Gen bid

Analyst Upgrades and Downgrades

KKR has been the topic of several research analyst reports. Argus lifted their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. HSBC upped their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Barclays raised their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Oppenheimer cut their target price 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. Finally, Morgan Stanley reduced their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $127.75.

KKR & Co. Inc. Stock Up 2.9%

Shares of NYSE:KKR opened at $110.32 on Thursday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market cap of $99.03 billion, a P/E ratio of 35.13, a P/E/G ratio of 0.92 and a beta of 1.78. The firm has a fifty day moving average price of $99.60 and a 200 day moving average price of $97.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating 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 company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business posted $1.18 earnings per share. Sell-side analysts predict that KKR & Co. Inc. will post 5.68 EPS for the current year.

KKR & Co. Inc. announced that its board has authorized a share repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in 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 generally a sign that the company's management believes its shares are undervalued.

KKR & Co. Inc. Dividend Announcement

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

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.

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