Fideuram Asset Management Ireland dac Invests $1.12 Million in KKR & Co. Inc. $KKR

Fideuram Asset Management Ireland dac bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,240 shares of the asset manager’s stock, valued at approximately $1,115,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KKR. Strive Asset Management LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $535,907,000. Viking Global Investors LP acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at approximately $352,038,000. Close Asset Management Ltd raised its position in KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after buying an additional 1,479,688 shares during the last quarter. Vanguard Group Inc. raised its position in KKR & Co. Inc. by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after buying an additional 821,739 shares during the last quarter. Finally, M&T Bank Corp raised its position in KKR & Co. Inc. by 3,981.9% in the 4th quarter. M&T Bank Corp now owns 718,536 shares of the asset manager’s stock valued at $91,599,000 after buying an additional 700,933 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 2.1%

NYSE:KKR opened at $96.00 on Friday. The firm has a market capitalization of $86.20 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The stock’s 50 day moving average price is $96.46 and its two-hundred day moving average price is $109.12. 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. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Equities research analysts expect that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the purchase, the director owned 285,000 shares of the company’s stock, valued at $26,923,950. The trade was a 21.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KKR shares. The Goldman Sachs Group dropped their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Zacks Research lowered KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Oppenheimer dropped their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.53.

KKR & Co. Inc. Company 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.