135,978 Shares in KKR & Co. Inc. $KKR Acquired by Commerce Bank

Commerce Bank purchased a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 135,978 shares of the asset manager's stock, valued at approximately $12,480,000.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $6,445,000. Quantbot Technologies LP purchased a new stake in KKR & Co. Inc. in the second quarter valued at $2,532,000. Varma Mutual Pension Insurance Co purchased a new stake in KKR & Co. Inc. in the second quarter valued at $11,778,000. Westpac Banking Corp acquired a new position in KKR & Co. Inc. in the second quarter valued at $537,000. Finally, Sumitomo Life Insurance Co. acquired a new position in KKR & Co. Inc. in the second quarter valued at $2,350,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $108.59 on Monday. 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. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The firm has a 50-day simple moving average of $100.09 and a 200-day simple moving average of $97.51. The company has a market capitalization of $97.47 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.78.

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 analysts' expectations 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 previous year, the firm posted $1.18 EPS. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders 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 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is 24.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. TD Cowen lifted their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a "hold" rating in a research report on Monday, August 3rd. HSBC increased their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a report on Monday, July 20th. Royal Bank Of Canada raised their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, Argus lifted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a 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 stock. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.75.

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.

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