B. Metzler seel. Sohn & Co. AG Makes New $6.27 Million Investment in KKR & Co. Inc. $KKR

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 68,340 shares of KKR in the second quarter, valued at approximately $6.27 million. Institutional investors and hedge funds collectively own 76.26% of KKR’s outstanding stock.
• 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.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $127.75. KKR also authorized a $500 million share buyback and pays a quarterly dividend of $0.195 per share.

B. Metzler seel. Sohn & Co. AG purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 68,340 shares of the asset manager's stock, valued at approximately $6,272,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $218,000. Sivia Capital Partners LLC grew its position in KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock worth $273,000 after purchasing an additional 237 shares in the last quarter. United Bank acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $4,826,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Up 1.5%

Shares of NYSE KKR opened at $108.59 on Friday. The stock has a market cap of $97.47 billion, a PE ratio of 34.58, a PEG ratio of 0.91 and a beta of 1.78. The business has a fifty day moving average of $100.09 and a two-hundred day moving average of $97.62. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. 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 posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the company posted $1.18 EPS. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has approved 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 shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

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

Analysts Set New Price Targets

KKR has been the topic of a number of research reports. Weiss Ratings upgraded KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, June 16th. Argus increased 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 report on Tuesday, August 4th. Zacks Research upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. HSBC boosted their price target 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. Finally, Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.75.

KKR & Co. Inc. Company 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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