Trivest Advisors Ltd purchased a new position in KKR & Co. Inc. (NYSE:KKR – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 78,000 shares of the asset manager’s stock, valued at approximately $9,943,000. KKR & Co. Inc. makes up approximately 0.5% of Trivest Advisors Ltd’s investment portfolio, making the stock its 19th biggest holding.
Other hedge funds have also bought and sold shares of the company. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth $27,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $27,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. stock opened at $93.51 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The firm has a market capitalization of $83.96 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.79. The company’s 50-day moving average is $96.81 and its 200 day moving average is $108.17.
KKR & Co. Inc. announced that its board has authorized a share buyback 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 purchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
KKR & Co. Inc. Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on KKR. UBS Group upped their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada decreased their target price on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Barclays decreased their target price on shares of 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. Morgan Stanley decreased their target price on shares of 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. Finally, Piper Sandler decreased their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.53.
Read Our Latest Research Report on KKR & Co. Inc.
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.
Featured Articles
- Five stocks we like better than KKR & Co. Inc.
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR – Free Report).
Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
