Lalia Capital LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 111,095 shares of the asset manager’s stock, valued at approximately $10,196,000. KKR & Co. Inc. accounts for approximately 5.0% of Lalia Capital LLC’s holdings, making the stock its 10th biggest position.
Several other institutional investors have also recently made changes to their positions in KKR. Brighton Jones LLC raised its holdings in 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 purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $218,000. Sivia Capital Partners LLC grew its position in shares of KKR & Co. Inc. by 13.1% in 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 purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth about $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $4,826,000. Institutional investors own 76.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Argus lifted their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. BMO Capital Markets upped their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. HSBC raised their target price on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, July 20th. UBS Group lifted their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays boosted their price target 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. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.75.
KKR & Co. Inc. Price Performance
Shares of NYSE:KKR opened at $108.59 on Friday. The business has a fifty day moving average price of $100.09 and a 200-day moving average price of $97.62. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $97.47 billion, a PE ratio of 34.58, a PEG ratio of 0.91 and a beta of 1.78. 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 announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business posted $1.18 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.
KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is 24.84%.
KKR & Co. Inc. announced that its board has approved a share buyback plan on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership 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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