Marnell Management LLC Takes Position in KKR & Co. Inc. $KKR

Marnell Management LLC acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,100 shares of the asset manager’s stock, valued at approximately $1,160,000.

Several other institutional investors have also added to or reduced their stakes in KKR. Norges Bank purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $1,715,929,000. Strive Asset Management LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at $535,907,000. Viking Global Investors LP purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at $352,038,000. Close Asset Management Ltd boosted its position in KKR & Co. Inc. by 4,155.1% during 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 period. Finally, Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 1.4% during 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 period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 0.1%

Shares of NYSE KKR opened at $96.37 on Monday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The firm has a market capitalization of $86.52 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.80. The firm has a fifty day simple moving average of $97.27 and a two-hundred day simple moving average of $107.37.

KKR & Co. Inc. (NYSE:KKR) last issued 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 business had revenue of $5.74 billion during the quarter. Equities analysts expect 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 approved a stock buyback program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.195 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, May 15th. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. Oppenheimer dropped their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Barclays dropped their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings cut shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently 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.