National Pension Service boosted its position in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) by 6.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,521,260 shares of the asset manager’s stock after buying an additional 91,048 shares during the quarter. National Pension Service’s holdings in KKR & Co. Inc. were worth $193,930,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. SteelPeak Wealth LLC boosted its position in KKR & Co. Inc. by 3.2% during the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares in the last quarter. Diversified Trust Co. boosted its position in KKR & Co. Inc. by 1.5% during the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares in the last quarter. Modera Wealth Management LLC boosted its position in KKR & Co. Inc. by 4.9% during the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after purchasing an additional 84 shares in the last quarter. Sound Income Strategies LLC boosted its position in KKR & Co. Inc. by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after purchasing an additional 90 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its position in KKR & Co. Inc. by 3.0% during the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after purchasing an additional 92 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on KKR shares. Piper Sandler decreased their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets decreased their target price on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Barclays decreased their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. UBS Group boosted their target price on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley decreased their target price on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.53.
Insider Activity
In related news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the transaction, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 23.20% of the stock is owned by corporate insiders.
KKR & Co. Inc. Stock Up 2.1%
Shares of NYSE:KKR opened at $96.00 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock’s fifty day simple moving average is $96.46 and its 200-day simple moving average is $109.12. The company has a market capitalization of $86.20 billion, a P/E ratio of 32.65, a P/E/G ratio of 0.81 and a beta of 1.85.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion for the quarter. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.
KKR & Co. Inc. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.
KKR & Co. Inc. declared that its board has approved a stock buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
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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