Fideuram Asset Management Ireland dac Invests $1.12 Million in KKR & Co. Inc. $KKR

Fideuram Asset Management Ireland dac bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,240 shares of the asset manager’s stock, valued at approximately $1,115,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. SteelPeak Wealth LLC boosted its stake in shares of KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after acquiring an additional 80 shares during the period. Diversified Trust Co. boosted its stake in KKR & Co. Inc. by 1.5% in the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 82 shares during the period. Modera Wealth Management LLC boosted its stake in KKR & Co. Inc. by 4.9% in the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 84 shares during the period. Sound Income Strategies LLC boosted its stake in KKR & Co. Inc. by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 90 shares during the period. Finally, Cornerstone Advisory LLC boosted its stake in KKR & Co. Inc. by 3.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after purchasing an additional 92 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $96.00 on Friday. The stock has a fifty day moving average price of $96.46 and a 200-day moving average price of $109.12. The company has a market cap of $86.20 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 0.81 and a beta of 1.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. As a group, equities analysts anticipate that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Timothy R. Barakett bought 50,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director owned 285,000 shares in the company, valued at $26,923,950. The trade was a 21.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KKR. The Goldman Sachs Group reduced 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. BMO Capital Markets reduced their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Barclays reduced their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. UBS Group boosted their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.53.

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.