UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in KKR & Co. Inc. $KKR

Key Points

• UBS Asset Management increased its KKR stake by 1.6% in the second quarter, holding 3.46 million shares valued at approximately $317.7 million. Institutional investors collectively own 76.26% of KKR.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $130.
• KKR beat quarterly earnings expectations with $1.63 EPS versus $1.43 forecast and $5.73 billion in revenue. The company also authorized a $500 million share-repurchase program and declared a quarterly dividend of $0.195 per share.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,461,541 shares of the asset manager's stock after acquiring an additional 55,489 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.39% of KKR & Co. Inc. worth $317,700,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KKR shares. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. UBS Group raised 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. TD Cowen lifted their target price on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. Barclays lifted their target price on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, June 16th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

KKR & Co. Inc. Stock Up 1.2%

Shares of NYSE:KKR opened at $109.99 on Tuesday. The stock has a market cap of $98.73 billion, a P/E ratio of 35.03, a P/E/G ratio of 0.92 and a beta of 1.78. The firm has a fifty day moving average price of $101.42 and a 200 day moving average price of $97.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10.

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

KKR & Co. Inc. declared that its Board of Directors has authorized a stock 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 purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.7%. The ex-dividend date was 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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