11,466 Shares in KKR & Co. Inc. $KKR Bought by Allworth Financial LP

Key Points

• Allworth Financial LP initiated a position in KKR, purchasing 11,466 shares valued at approximately $1.05 million. Institutional investors collectively own 76.26% of the company.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $127.75.
• KKR reported quarterly EPS of $1.63, exceeding the $1.43 consensus estimate, and authorized a $500 million share repurchase program. The company also announced a quarterly dividend of $0.195 per share, yielding approximately 0.7%.

Allworth Financial LP bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 11,466 shares of the asset manager's stock, valued at approximately $1,052,000.

Several other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. SouthState Bank Corp boosted its holdings in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $31,000. Institutional investors own 76.26% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KKR. HSBC boosted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a report on Tuesday, July 21st. Zacks Research raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Royal Bank Of Canada upped their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Argus increased their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.75.

KKR & Co. Inc. Stock Up 1.5%

NYSE KKR opened at $108.59 on Friday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The stock has a market cap of $97.47 billion, a PE ratio of 34.58, a PEG ratio of 0.93 and a beta of 1.78. The firm has a 50-day simple moving average of $100.09 and a 200 day simple moving average of $97.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 5.88% and a net margin of 14.41%.During the same period in the previous year, the company posted $1.18 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current year.

KKR & Co. Inc. announced that its board has authorized a share buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

KKR & Co. Inc. Announces Dividend

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

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.

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