United Bank Makes New $1.28 Million Investment in KKR & Co. Inc. $KKR

United Bank bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,006 shares of the asset manager's stock, valued at approximately $1,285,000.

Several other large investors have also modified their holdings of KKR. Brighton Jones LLC boosted its stake in shares of KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $218,000. Sivia Capital Partners LLC lifted its holdings in KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock worth $273,000 after buying an additional 237 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in KKR & Co. Inc. during the second quarter worth $4,826,000. Finally, Glenview Trust co boosted its position in KKR & Co. Inc. by 4.2% during the 2nd quarter. Glenview Trust co now owns 6,740 shares of the asset manager's stock valued at $897,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 76.26% of the company's stock.

More KKR & Co. Inc. News

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Expansion into Indian live entertainment: KKR agreed to acquire a minority stake in BookMyShow, India’s leading ticketing and live-entertainment platform. The investment gives KKR exposure to growth in concerts and events, including major international tours, and could generate future management and performance fees. Financial terms were not disclosed. KKR Invests in Indian Ticketing and Live Entertainment Platform BookMyShow
• Positive Sentiment: Potential UGI acquisition: Reports say KKR has offered approximately $9 billion to acquire UGI Corp., a U.S. natural-gas and electricity distributor. A successful transaction would materially expand KKR’s infrastructure and energy portfolio, though the offer is unsolicited and remains subject to negotiations and potential regulatory review. KKR makes $9 billion takeover bid for UGI
• Positive Sentiment: Additional healthcare opportunity: KKR reportedly emerged as the preferred bidder for a minority stake in Malaysia’s Avisena Healthcare, potentially valuing the company at about $370 million. The deal would add to KKR’s exposure to private healthcare in Asia, although it has not been finalized. KKR leads bidding race for minority stake in Malaysia’s Avisena
• Neutral Sentiment: Commentary highlighted KKR’s long-term investment platform and an 85 GF Score, but these are opinions and do not represent new company fundamentals. Broader market support from easing inflation and reduced interest-rate concerns may also benefit alternative-asset managers.
• Negative Sentiment: First Philippine Holdings reportedly rejected KKR’s initial bid for a stake in First Gen, showing that competitive bidding and execution risks could limit KKR’s ability to deploy capital in attractive infrastructure assets. FPH spurns KKR’s First Gen bid

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. TD Cowen lifted their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a report on Monday, August 3rd. UBS Group raised their price objective on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. HSBC boosted their target price 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. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an "overweight" 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's stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $127.75.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $110.32 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $99.03 billion, a PE ratio of 35.13, a P/E/G ratio of 0.92 and a beta of 1.78. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The stock has a fifty day moving average price of $99.60 and a 200-day moving average price of $97.60.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The firm 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 business earned $1.18 EPS. Equities research analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.195 per share. The ex-dividend date is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.'s payout ratio is presently 24.84%.

KKR & Co. Inc. announced that its board has approved a share repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership 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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