Vise Technologies Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,543 shares of the asset manager’s stock, valued at approximately $1,151,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. grew its position in shares of KKR & Co. Inc. by 0.9% during the 4th quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after buying an additional 94 shares during the period. Horizon Bancorp Inc. IN raised its position in shares of KKR & Co. Inc. by 3.8% in the 1st quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after acquiring an additional 95 shares during the period. Western Pacific Wealth Management LP raised its position in shares of KKR & Co. Inc. by 34.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Wernau Asset Management Inc. boosted its stake in KKR & Co. Inc. by 1.0% during the 1st quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after acquiring an additional 104 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in KKR & Co. Inc. by 1.6% during the 4th quarter. OLD National Bancorp IN now owns 6,711 shares of the asset manager’s stock worth $856,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Stock Performance
Shares of KKR & Co. Inc. stock opened at $108.59 on Friday. The firm has a market cap of $97.47 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 0.93 and a beta of 1.78. The stock’s 50-day moving average is $100.09 and its 200-day moving average is $97.62. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. 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. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders 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 0.7%. KKR & Co. Inc.’s dividend payout ratio is 24.84%.
KKR & Co. Inc. announced that its Board of Directors has approved a share buyback program on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on KKR shares. Morgan Stanley lowered their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Barclays lifted their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Royal Bank Of Canada lifted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, HSBC boosted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note 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 stock has a consensus rating of “Moderate Buy” and an average price target of $127.75.
Read Our Latest Stock Report on KKR
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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