KKR & Co. Inc. $KKR Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 44.3% during the first quarter, Holdings Channel reports. The institutional investor owned 113,145 shares of the asset manager’s stock after acquiring an additional 34,717 shares during the period. Waverly Advisors LLC’s holdings in KKR & Co. Inc. were worth $10,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Norges Bank acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $1,715,929,000. Viking Global Investors LP purchased a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $352,038,000. Temasek Holdings Private Ltd grew its holdings in shares of KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after acquiring an additional 2,190,248 shares during the period. Farallon Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $257,216,000. Finally, Price T Rowe Associates Inc. MD increased its stake in KKR & Co. Inc. by 41.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,401,951 shares of the asset manager’s stock valued at $561,161,000 after purchasing an additional 1,295,099 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KKR. HSBC lifted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group cut their price target on 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. Oppenheimer decreased their price objective on shares of KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Royal Bank Of Canada lowered their price objective on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.08.

KKR & Co. Inc. Stock Up 2.4%

Shares of NYSE:KKR opened at $101.76 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $91.37 billion, a P/E ratio of 34.61, a P/E/G ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock’s fifty day simple moving average is $95.42 and its 200-day simple moving average is $99.96.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The firm had revenue of $5.74 billion during the quarter. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

KKR & Co. Inc. announced that its board has approved a stock buyback program on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at KKR & Co. Inc.

In other news, EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the completion of the sale, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. The trade was a 19.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.20% of the stock is currently owned by company insiders.

Key KKR & Co. Inc. News

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

• Positive Sentiment: KKR joined Blackstone and Brookfield in a roughly $16 billion agreement with Kuwait to lease and operate the country’s oil pipeline network. The transaction strengthens KKR’s energy-infrastructure portfolio and may support long-term management fees and investment returns. Blackstone, Brookfield and KKR sign $16 billion deal with Kuwait for oil pipeline network
• Positive Sentiment: KKR and Energy Capital Partners agreed to acquire Ireland-based DCC Energy for approximately $7.7 billion (about £5.75 billion). DCC’s board unanimously recommended the improved offer, giving KKR another sizable energy and infrastructure investment opportunity. Ireland’s DCC Energy agrees $7.7 billion takeover by KKR and Energy Capital
• Positive Sentiment: Analysts expect KKR’s second-quarter results to reflect higher assets under management, management fees and revenue. Strong fundraising, investment activity and fee-generating capital would reinforce the firm’s growth outlook. KKR & Co.’s Q2 Earnings Coming Up: Here’s What You Should Know
• Neutral Sentiment: Wall Street’s quarterly projections point investors toward key operating metrics beyond headline revenue and earnings. The July 30 report will be important for confirming whether recent deal activity is translating into fee growth and realizations. Insights Into KKR Q2 Wall Street Projections for Key Metrics
• Negative Sentiment: Higher expenses could limit the benefit of stronger AUM, management fees and revenue in the second quarter. Investors will also assess how KKR finances its new commitments and whether transaction costs weigh on near-term earnings. KKR Q2 earnings preview

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.