Ally Financial Inc. Makes New Investment in KKR & Co. Inc. $KKR

Ally Financial Inc. acquired a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,000 shares of the asset manager's stock, valued at approximately $2,040,000.

Other large investors have also modified their holdings of the company. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth about $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter worth about $27,000. Washington Trust Advisors Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Elyxium Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Finally, SouthState Bank Corp raised its position in shares of KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock worth $29,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KKR. TD Cowen decreased their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a "hold" rating for the company in a research report on Monday, May 18th. Piper Sandler cut their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 28th. BMO Capital Markets cut their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an "outperform" rating for the company in a research note on Tuesday, March 24th. Finally, Barclays cut their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.53.

KKR & Co. Inc. Stock Up 1.1%

KKR stock opened at $96.37 on Friday. The stock has a market capitalization of $86.52 billion, a P/E ratio of 32.78, a P/E/G ratio of 0.83 and a beta of 1.79. The firm has a 50-day simple moving average of $97.27 and a 200-day simple moving average of $107.45. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Equities analysts forecast that KKR & Co. Inc. will post 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.19. KKR & Co. Inc.'s payout ratio is currently 26.53%.

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

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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