Canandaigua National Bank & Trust Co. Takes Position in KKR & Co. Inc. $KKR

Canandaigua National Bank & Trust Co. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 10,029 shares of the asset manager’s stock, valued at approximately $920,000.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of KKR & Co. Inc. by 109.6% in the 4th 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 acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $218,000. Sivia Capital Partners LLC grew its position 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. United Bank purchased a new position in KKR & Co. Inc. in the second quarter valued at about $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in KKR & Co. Inc. in the second quarter valued at about $4,826,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

KKR has been the subject of several research analyst reports. Royal Bank Of Canada raised their price objective 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 upped their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a report on Monday, July 20th. TD Cowen lifted their price target on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a research note on Monday. Argus boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, 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 research note on Friday, July 31st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.75.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $105.64 on Thursday. 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 firm has a market capitalization of $94.85 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 0.93 and a beta of 1.78. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The company has a 50 day moving average price of $96.72 and a 200 day moving average price of $98.54.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating 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 5.89%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business earned $1.18 EPS. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.54 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

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

Trending Headlines about KKR & Co. Inc.

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

• Positive Sentiment: KKR closed its Global Infrastructure Investors V fund with $19.2 billion in committed capital, expanding its ability to invest in infrastructure and potentially generate future management fees and performance income. KKR closes Global Infrastructure Investors V fund
• Positive Sentiment: The firm is pursuing a roughly $1 billion renewable-energy transaction involving assets from TotalEnergies, reinforcing KKR’s focus on energy-transition investments. KKR renewables acquisition from TotalEnergies
• Positive Sentiment: Argus raised its KKR price target to $125 and maintained a “buy” rating. BMO Capital Markets also lifted its target to $118, while TD Cowen increased its target to $111, signaling continued analyst confidence. Argus raises KKR price target BMO raises KKR price target TD Cowen raises KKR price target
• Neutral Sentiment: KKR agreed to take medical-device maker Integer Holdings private for approximately $5.7 billion. The acquisition adds to KKR’s deployment pipeline but also creates integration and valuation risks. KKR Integer Holdings deal
• Neutral Sentiment: Reports that Citigroup is preparing about $2 billion of debt financing for the Integer acquisition highlight KKR’s access to funding, while also underscoring leverage and interest-cost considerations. Debt financing for KKR Integer buyout
• Neutral Sentiment: Commentary argues KKR has remained resilient despite concerns about private-market asset valuations, supporting the longer-term investment case. KKR resilience to private asset fears
• Negative Sentiment: Unusually large purchases of KKR put options indicate that some traders are positioning for further downside or seeking protection, potentially weighing on sentiment. KKR put option activity

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.