KKR & Co. Inc. $KKR Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,570 shares of the asset manager’s stock after purchasing an additional 10,400 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in KKR & Co. Inc. were worth $9,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $27,000. Elyxium Wealth LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. SouthState Bank Corp lifted its stake in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after buying an additional 148 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. HSBC upped their target price on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Oppenheimer lowered their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.75.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $102.68 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50 day simple moving average of $97.04 and a 200-day simple moving average of $98.37. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The stock has a market capitalization of $92.19 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.89%. During the same period last year, the firm posted $1.18 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.

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

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.