Corient Private Wealth LLC Buys 10,470 Shares of KKR & Co. Inc. $KKR

Key Points

• Corient Private Wealth LLC increased its stake in KKR & Co. Inc. by 3.6% in the fourth quarter, buying 10,470 additional shares and bringing its total holding to 301,370 shares worth about $38.4 million.
• Several analysts have recently adjusted their outlooks on KKR, with price targets ranging from $104 to $140; the stock currently carries an average Moderate Buy rating and an average target price of $134.53.
• KKR recently raised its quarterly dividend to $0.195 per share and authorized a $500 million share repurchase plan, signaling confidence in the stock’s value and returning more capital to shareholders.

Corient Private Wealth LLC boosted its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,370 shares of the asset manager's stock after purchasing an additional 10,470 shares during the period. Corient Private Wealth LLC's holdings in KKR & Co. Inc. were worth $38,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. in the third quarter worth $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $27,000. Washington Trust Advisors Inc. purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Finally, SouthState Bank Corp grew its stake in shares of KKR & Co. Inc. by 185.0% during the 4th 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. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KKR. Oppenheimer lowered their price objective on KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, June 16th. The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Finally, UBS Group boosted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target of $134.53.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $97.01 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The stock has a market cap of $87.10 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80. The stock has a fifty day moving average of $97.86 and a 200-day moving average of $106.55.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion for the quarter. Equities research analysts anticipate that KKR & Co. Inc. will post 5.53 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.195 per share. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 26.53%.

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

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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