B & T Capital Management DBA Alpha Capital Management Takes Position in KKR & Co. Inc. $KKR

B & T Capital Management DBA Alpha Capital Management bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 101,903 shares of the asset manager's stock, valued at approximately $9,353,000. KKR & Co. Inc. comprises about 1.2% of B & T Capital Management DBA Alpha Capital Management's investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds also recently made changes to their positions in KKR. Brighton Jones LLC grew its holdings in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC boosted its position in shares of 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 valued at $273,000 after acquiring an additional 237 shares during the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of KKR & Co. Inc. in the second quarter valued at $4,826,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on KKR. HSBC upped their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Zacks Research upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Argus raised their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, Oppenheimer dropped their target price on KKR & Co. Inc. from $143.00 to $139.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $127.75.

KKR & Co. Inc. Trading Down 4.3%

Shares of KKR opened at $109.08 on Tuesday. The firm has a market capitalization of $97.91 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 0.97 and a beta of 1.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10. The company has a 50-day moving average of $99.07 and a 200 day moving average of $97.70.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $1.18 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.68 EPS for the current year.

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

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 annualized dividend and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is 24.84%.

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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