Czech National Bank raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,788 shares of the asset manager's stock after acquiring an additional 9,845 shares during the quarter. Czech National Bank's holdings in KKR & Co. Inc. were worth $18,061,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. PensionDanmark Pensionsforsikringsaktieselskab boosted its position in KKR & Co. Inc. by 11.0% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 104,570 shares of the asset manager's stock valued at $9,597,000 after buying an additional 10,400 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of KKR & Co. Inc. by 97.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,206,445 shares of the asset manager's stock valued at $202,508,000 after buying an additional 1,090,403 shares during the last quarter. Balefire LLC grew its position in shares of KKR & Co. Inc. by 25.9% during the second quarter. Balefire LLC now owns 10,334 shares of the asset manager's stock worth $948,000 after buying an additional 2,128 shares in the last quarter. GAMMA Investing LLC increased its holdings in KKR & Co. Inc. by 21.7% in the second quarter. GAMMA Investing LLC now owns 13,772 shares of the asset manager's stock valued at $1,264,000 after buying an additional 2,454 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in KKR & Co. Inc. by 4.0% in the second quarter. Avior Wealth Management LLC now owns 14,936 shares of the asset manager's stock worth $1,371,000 after purchasing an additional 578 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Stock Down 0.6%
KKR opened at $102.68 on Friday. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The stock's fifty day moving average is $97.04 and its 200-day moving average is $98.37. The company has a market capitalization of $92.19 billion, a PE ratio of 32.70, a P/E/G ratio of 0.88 and a beta of 1.78.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.89% and a net margin of 14.41%.During the same quarter in the prior year, the firm earned $1.18 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.
KKR & Co. Inc. announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are 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 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 24.84%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. TD Cowen raised their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. 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. Morgan Stanley decreased their target price on shares of 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. BMO Capital Markets raised their price target on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Argus increased their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $127.75.
Read Our Latest Research Report on KKR
About KKR & Co. Inc.
(
Free Report)
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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