Financial Synergies Wealth Advisors Inc. Invests $684,000 in KKR & Co. Inc. $KKR

Financial Synergies Wealth Advisors Inc. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,369 shares of the asset manager’s stock, valued at approximately $684,000.

Other institutional investors have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. Finally, Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Stock Up 1.6%

Shares of KKR stock opened at $94.37 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The firm’s 50-day moving average is $95.46 and its 200-day moving average is $110.25. The stock has a market cap of $84.73 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 0.82 and a beta of 1.85. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results 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 for the quarter. Sell-side analysts predict that KKR & Co. Inc. will post 5.46 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has approved a share buyback plan on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KKR shares. BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Barclays lowered their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $134.53.

Insider Buying and Selling

In related news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the purchase, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.20% of the company’s stock.

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.