Czech National Bank boosted its stake in KKR & Co. Inc. (NYSE:KKR – Free Report) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,788 shares of the asset manager’s stock after buying an additional 9,845 shares during the quarter. Czech National Bank’s holdings in KKR & Co. Inc. were worth $18,061,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of KKR. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $218,000. Sivia Capital Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after buying an additional 237 shares during the period. United Bank acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $4,826,000. Institutional investors and hedge funds own 76.26% of the company’s stock.
KKR & Co. Inc. Price Performance
NYSE:KKR opened at $102.68 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 one year low of $82.67 and a one year high of $152.10. The company has a fifty day moving average price of $97.04 and a 200 day moving average price of $98.37. The stock has a market cap of $92.19 billion, a P/E ratio of 32.70, a PEG ratio of 0.88 and a beta of 1.78.
KKR & Co. Inc. declared that its board has approved a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
KKR & Co. Inc. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on KKR. Argus lifted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada upped their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Morgan Stanley dropped their price objective on 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. Finally, HSBC boosted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.75.
Check Out Our Latest Analysis 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.
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