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Banque Cantonale Vaudoise Invests $629,000 in KKR & Co. Inc. (NYSE:KKR)

KKR & Co. Inc. logo with Finance background

Key Points

  • Banque Cantonale Vaudoise has acquired a new stake in KKR & Co. Inc., purchasing 5,441 shares valued at approximately $629,000 during the first quarter.
  • Several institutional investors have increased their holdings in KKR, with Jennison Associates boosting its shares by an astounding 4,918.6%, now holding shares worth over $507 million.
  • KKR & Co. Inc. recently announced a quarterly dividend increase to $0.185, which represents a 0.5% yield and a dividend payout ratio of 31.22%.
  • Interested in KKR & Co. Inc.? Here are five stocks we like better.

Banque Cantonale Vaudoise bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,441 shares of the asset manager's stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PFG Advisors lifted its holdings in shares of KKR & Co. Inc. by 4.5% during the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock valued at $239,000 after purchasing an additional 90 shares during the last quarter. First Bank & Trust lifted its holdings in shares of KKR & Co. Inc. by 1.3% during the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after purchasing an additional 98 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of KKR & Co. Inc. by 9.9% during the fourth quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after purchasing an additional 100 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of KKR & Co. Inc. by 1.3% during the fourth quarter. Synovus Financial Corp now owns 8,309 shares of the asset manager's stock valued at $1,230,000 after purchasing an additional 110 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in KKR & Co. Inc. by 2.7% in the 1st quarter. Kovack Advisors Inc. now owns 4,246 shares of the asset manager's stock worth $491,000 after acquiring an additional 110 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $2.81 during trading on Monday, reaching $145.36. 4,014,683 shares of the stock traded hands, compared to its average volume of 3,627,369. The company has a market capitalization of $129.46 billion, a price-to-earnings ratio of 67.61, a P/E/G ratio of 1.59 and a beta of 1.87. The business has a fifty day simple moving average of $133.14 and a two-hundred day simple moving average of $128.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same quarter last year, the business posted $1.09 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio is currently 34.42%.

Insider Activity

In other news, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. This trade represents a 23.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert W. Scully acquired 13,250 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the transaction, the director directly owned 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday. Piper Sandler started coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.73.

Get Our Latest Stock Report on KKR

About KKR & Co. Inc.

(Free Report)

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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