10,443 Shares in KKR & Co. Inc. $KKR Acquired by Navalign LLC

Navalign LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 10,443 shares of the asset manager’s stock, valued at approximately $966,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $1,715,929,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at $352,038,000. Farallon Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $257,216,000. Price T Rowe Associates Inc. MD lifted its position in shares of KKR & Co. Inc. by 41.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,401,951 shares of the asset manager’s stock worth $561,161,000 after purchasing an additional 1,295,099 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in shares of KKR & Co. Inc. by 344.4% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,332,549 shares of the asset manager’s stock worth $169,873,000 after purchasing an additional 1,032,705 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on KKR shares. The Goldman Sachs Group dropped their target price on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Oppenheimer lowered their price objective on 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. Piper Sandler cut their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets lowered their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Barclays dropped 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $95.11 on Wednesday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. 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 has a market cap of $85.40 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 0.83 and a beta of 1.79. The stock’s 50-day moving average is $95.99 and its two-hundred day moving average is $103.18.

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

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

KKR & Co. Inc. Increases Dividend

The company also recently disclosed 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 is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

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.