KKR & Co. Inc. $KKR Shares Bought by Equitable Trust Co.

Equitable Trust Co. raised its position in KKR & Co. Inc. (NYSE:KKR) by 33.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,555 shares of the asset manager’s stock after buying an additional 8,496 shares during the quarter. Equitable Trust Co.’s holdings in KKR & Co. Inc. were worth $3,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $26,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $27,000. SouthState Bank Corp boosted its stake in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after purchasing an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $29,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Up 3.0%

Shares of KKR & Co. Inc. stock opened at $96.12 on Friday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The company’s 50-day simple moving average is $95.73 and its 200-day simple moving average is $102.67. The firm has a market cap of $86.31 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $5.74 billion during the quarter. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.51 earnings per share for the current year.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date of this dividend 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 $0.18. KKR & Co. Inc.’s payout ratio is 26.53%.

Wall Street Analyst Weigh In

KKR has been the topic of a number of recent research reports. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Royal Bank Of Canada decreased their target price on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. UBS Group raised their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Piper Sandler lowered their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $133.43.

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.