9,762 Shares in KKR & Co. Inc. $KKR Acquired by RW Investment Management LLC

Key Points

• RW Investment Management LLC acquired 9,762 KKR shares during the second quarter, valued at approximately $896,000. Institutional investors and hedge funds collectively own 76.26% of KKR.
• KKR reported quarterly earnings of $1.63 per share, exceeding the $1.43 consensus estimate, while revenue reached $5.73 billion versus expectations of $2.55 billion.
• KKR announced a quarterly dividend of $0.195 per share and authorized a $500 million share-repurchase program. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $127.75.

RW Investment Management LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,762 shares of the asset manager's stock, valued at approximately $896,000.

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

KKR & Co. Inc. Trading Down 0.1%

Shares of KKR & Co. Inc. stock opened at $113.93 on Monday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $98.75 and a 200-day simple moving average of $97.75. The stock has a market cap of $102.27 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 0.97 and a beta of 1.78. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business earned $1.18 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. 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 upped their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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