VCI Wealth Management LLC Has $1.15 Million Stock Holdings in KKR & Co. Inc. $KKR

VCI Wealth Management LLC lessened its position in KKR & Co. Inc. (NYSE:KKR) by 32.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,452 shares of the asset manager’s stock after selling 6,101 shares during the period. VCI Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,152,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $1,715,929,000. Strive Asset Management LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $535,907,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $352,038,000. Farallon Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $257,216,000. Finally, Close Asset Management Ltd raised its stake in KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after buying an additional 1,479,688 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $90.20 on Friday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The company’s 50 day moving average price is $97.42 and its two-hundred day moving average price is $105.50. The stock has a market cap of $80.99 billion, a P/E ratio of 30.68, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, equities analysts predict that KKR & Co. Inc. will post 5.53 earnings per share for the current year.

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 given a dividend of $0.195 per share. 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 0.9%. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group dropped their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley cut their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. BMO Capital Markets reduced their price objective 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. Finally, UBS Group lifted 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 note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.53.

About KKR & Co. Inc.

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.