ATX Financial Planning LLC Takes Position in KKR & Co. Inc. $KKR

ATX Financial Planning LLC purchased a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,324 shares of the asset manager’s stock, valued at approximately $806,000.

Other institutional investors have also added to or reduced their stakes in the company. First Growth Capital LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $301,000. Axxcess Wealth Management LLC boosted its position in KKR & Co. Inc. by 641.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 12,237 shares of the asset manager’s stock valued at $1,560,000 after buying an additional 10,587 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of KKR & Co. Inc. by 5.5% during the fourth quarter. Corient Private Wealth LLC now owns 306,795 shares of the asset manager’s stock worth $38,175,000 after buying an additional 15,895 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of KKR & Co. Inc. by 12.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,208 shares of the asset manager’s stock worth $4,739,000 after buying an additional 3,876 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in shares of KKR & Co. Inc. by 4.7% during the fourth quarter. Vident Advisory LLC now owns 621,879 shares of the asset manager’s stock worth $79,277,000 after buying an additional 27,928 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $97.01 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The firm has a market cap of $87.10 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The firm’s fifty day moving average is $97.80 and its 200-day moving average is $106.72.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. Sell-side analysts predict that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.195 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KKR. Barclays dropped their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Piper Sandler reduced their price objective on 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. Royal Bank Of Canada lowered their target price on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. TD Cowen dropped their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Oppenheimer cut their price target on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $134.53.

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.