EP Wealth Advisors LLC Buys New Shares in KKR & Co. Inc. $KKR

EP Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,171 shares of the asset manager’s stock, valued at approximately $7,358,000.

Several other large investors have also recently bought and sold shares of KKR. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. SouthState Bank Corp lifted its holdings in KKR & Co. Inc. by 185.0% during the 4th 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 last quarter. Garton & Associates Financial Advisors LLC bought a new position in KKR & Co. Inc. during the fourth quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $31,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KKR. Morgan Stanley cut 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 note on Tuesday, July 21st. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. BMO Capital Markets raised their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Argus boosted their price objective on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, UBS Group upped their target price 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. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.75.

KKR & Co. Inc. Price Performance

KKR stock opened at $108.59 on Friday. The company’s 50-day moving average price is $100.09 and its two-hundred day moving average price is $97.62. The firm has a market cap of $97.47 billion, a P/E ratio of 34.58, a P/E/G ratio of 0.91 and a beta of 1.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last issued its 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 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 quarter last year, the business posted $1.18 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm 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 annualized dividend and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 24.84%.

KKR & Co. Inc. declared that its Board of Directors has approved a stock buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

About KKR & Co. Inc.

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.