10,151 Shares in KKR & Co. Inc. $KKR Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 10,151 shares of the asset manager’s stock, valued at approximately $932,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the period. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $218,000. Sivia Capital Partners LLC boosted its holdings in KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 237 shares during the last quarter. United Bank bought a new stake in KKR & Co. Inc. in the second quarter valued at approximately $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in KKR & Co. Inc. during the 2nd quarter valued at approximately $4,826,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $110.32 on Thursday. The firm has a 50 day moving average of $99.60 and a 200-day moving average of $97.60. The company has a market cap of $99.03 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 0.92 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 52 week low of $82.67 and a 52 week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter in the previous year, the company earned $1.18 EPS. On average, equities analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend 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 initiated a share buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Key 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

Wall Street Analyst Weigh In

Several research analysts have issued reports on KKR shares. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Barclays lifted their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, UBS Group boosted their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.75.

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.