Danske Bank A S Takes Position in KKR & Co. Inc. $KKR

Danske Bank A S purchased a new stake in KKR & Co. Inc. (NYSE:KKR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 232,368 shares of the asset manager’s stock, valued at approximately $21,327,000.

Other institutional investors have also recently bought and sold shares of the company. Praxis Investment Management Inc. raised its holdings in KKR & Co. Inc. by 0.9% during the 4th quarter. Praxis Investment Management Inc. now owns 10,006 shares of the asset manager’s stock worth $1,276,000 after buying an additional 94 shares during the period. Horizon Bancorp Inc. IN lifted its stake in KKR & Co. Inc. by 3.8% during the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after buying an additional 95 shares in the last quarter. Western Pacific Wealth Management LP boosted its holdings in shares of KKR & Co. Inc. by 34.8% in the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after buying an additional 100 shares during the period. Wernau Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 1.0% in the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after buying an additional 104 shares during the period. Finally, OLD National Bancorp IN increased its position in shares of KKR & Co. Inc. by 1.6% in the fourth quarter. OLD National Bancorp IN now owns 6,711 shares of the asset manager’s stock worth $856,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.9%

Shares of NYSE KKR opened at $107.21 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The business has a 50-day moving average price of $99.84 and a two-hundred day moving average price of $97.55. The firm has a market capitalization of $96.24 billion, a PE ratio of 34.14, a PEG ratio of 0.94 and a beta of 1.78.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results 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 company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the prior year, the company earned $1.18 EPS. As a group, analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has initiated a share repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. BMO Capital Markets raised their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Finally, Oppenheimer reduced their target price on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.75.

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.