Danske Bank A S Takes $21.33 Million Position in KKR & Co. Inc. $KKR

Key Points

• Danske Bank A/S acquired 232,368 KKR shares during the second quarter, establishing a position valued at approximately $21.33 million. Institutional investors collectively own 76.26% of KKR.
• Analysts remain broadly positive, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $127.75.
• KKR exceeded quarterly earnings expectations, reporting $1.63 in EPS versus a $1.43 consensus estimate, while maintaining a $0.195 quarterly dividend and a $500 million share-repurchase authorization.

Danske Bank A S acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 232,368 shares of the asset manager's stock, valued at approximately $21,327,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. SouthState Bank Corp increased its holdings in shares of KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $29,000. Finally, MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $31,000. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KKR shares. HSBC upped their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a "buy" rating in a report on Monday, July 20th. UBS Group boosted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Barclays increased their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Zacks Research raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Finally, Royal Bank Of Canada upped their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned 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 target price of $127.75.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $107.21 on Friday. The company has a 50-day moving average of $99.84 and a 200-day moving average of $97.55. The firm has a market cap of $96.24 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 0.94 and a beta of 1.78. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released 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 the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $1.18 EPS. Analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

KKR & Co. Inc. announced that its board has authorized a stock repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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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