Caisse de depot et placement du Quebec Acquires New Stake in KKR & Co. Inc. $KKR

Caisse de depot et placement du Quebec acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 82,391 shares of the asset manager's stock, valued at approximately $7,562,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Elyxium Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. SouthState Bank Corp boosted its position in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after acquiring an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $29,000. Finally, MV Capital Management Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

Key KKR & Co. Inc. News

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

• Positive Sentiment: Strong analyst price-target increase: Oppenheimer raised its KKR price target from $139 to $166 and reiterated an “outperform” rating, implying substantial upside from recent levels. Benzinga analyst rating report
• Positive Sentiment: Expansion in private aviation infrastructure: Apollo-managed funds acquired a significant interest in Atlantic Aviation, while KKR-managed funds remain a substantial shareholder. The partnership could support Atlantic Aviation’s growth and preserve KKR’s exposure to a potentially attractive infrastructure platform. Apollo Funds and KKR Announce Strategic Partnership
• Positive Sentiment: New infrastructure investment: KKR and Apollo are partnering with Enbridge on approximately C$2.7 billion of expansions to the Westcoast natural-gas pipeline system in British Columbia, expanding KKR’s exposure to energy infrastructure and long-term contracted assets. Enbridge, KKR form joint venture
• Positive Sentiment: AI data-center exposure: KKR is investing in SK Telecom’s newly launched SK Horizon, an AI data-center infrastructure company. The deal gives KKR participation in the expanding demand for data-center capacity and digital infrastructure. SK Horizon investment announcement
• Neutral Sentiment: Antitrust case resolution: KKR agreed to a stipulation and order with the U.S. Department of Justice, potentially removing some uncertainty, although the settlement also highlights ongoing regulatory and legal risks. KKR reaches settlement in DOJ antitrust case
• Neutral Sentiment: Fixed-income appeal: An analysis described KKR’s “baby bonds” as offering potential capital appreciation, but this is an investment view on the company’s debt securities rather than a direct earnings catalyst for common stock. KKR baby bonds analysis
• Negative Sentiment: Reported fraud investigation: A law firm is seeking KKR investors to participate in a fraud investigation, creating potential litigation, reputational, and financial risks. The notice does not establish wrongdoing, but it may weigh on sentiment. KKR investor fraud investigation notice

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, July 31st. UBS Group lifted their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. HSBC upped their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, July 20th. TD Cowen raised their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a "hold" rating in a research note on Monday, August 3rd. Finally, Morgan Stanley lowered their price target 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $130.00.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $108.74 on Friday. The company has a market cap of $97.61 billion, a P/E ratio of 34.63, a P/E/G ratio of 0.92 and a beta of 1.78. The firm's 50 day moving average is $101.16 and its two-hundred day moving average is $97.74. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. 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. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the previous year, the company earned $1.18 EPS. Analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.'s payout ratio is 24.84%.

KKR & Co. Inc. declared that its board has approved a share repurchase program on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

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.

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