OMERS ADMINISTRATION Corp Takes Position in KKR & Co. Inc. $KKR

Key Points

• OMERS Administration Corp bought 497,918 KKR shares worth approximately $45.7 million, acquiring a 0.06% stake. Institutional investors collectively own 76.26% of KKR.
• KKR reported quarterly EPS of $1.63, beating estimates of $1.43, while revenue reached $5.73 billion versus expectations of $2.55 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $127.75, and KKR authorized a $500 million share-repurchase program alongside a quarterly dividend of $0.195 per share.

OMERS ADMINISTRATION Corp purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 497,918 shares of the asset manager's stock, valued at approximately $45,699,000. OMERS ADMINISTRATION Corp owned about 0.06% of KKR & Co. Inc. as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Osmosis Investment Management UK Ltd bought a new position in shares of KKR & Co. Inc. in the second quarter worth $1,808,000. Sanctuary Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the second quarter valued at $5,309,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $5,522,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $477,000. Finally, Twin Tree Management LP bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at $838,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.1%

KKR stock opened at $108.59 on Monday. The company has a market capitalization of $97.47 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The company's 50 day moving average price is $100.09 and its two-hundred day moving average price is $97.51.

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 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 during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company earned $1.18 EPS. As a group, analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has authorized a share repurchase plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

KKR & Co. Inc. Announces Dividend

The business also recently announced 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. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th. KKR & Co. Inc.'s payout ratio is 24.84%.

Analysts Set New Price Targets

A number of research firms have recently commented on KKR. HSBC raised 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 report on Monday, July 20th. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. TD Cowen raised their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Finally, Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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