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

Visionary Wealth Advisors acquired a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,447 shares of the asset manager’s stock, valued at approximately $592,000.

Several other hedge funds have also added to or reduced their stakes in KKR. Ally Financial Inc. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $4,589,000. Cibc World Market Inc. bought a new stake in shares of KKR & Co. Inc. in the second quarter worth about $16,743,000. OMERS ADMINISTRATION Corp purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at about $45,699,000. Osmosis Investment Management UK Ltd purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at about $1,808,000. Finally, Sanctuary Advisors LLC bought a new position in KKR & Co. Inc. during the 2nd quarter valued at approximately $5,309,000. 76.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Royal Bank Of Canada raised their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.75.

KKR & Co. Inc. Trading Down 1.1%

NYSE KKR opened at $107.29 on Tuesday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10. The stock has a market cap of $96.31 billion, a P/E ratio of 34.17, a P/E/G ratio of 0.92 and a beta of 1.78. The stock’s fifty day moving average price is $100.27 and its 200-day moving average price is $97.53. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.18 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. announced that its Board of Directors has approved a share repurchase program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

KKR & Co. Inc. Dividend Announcement

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

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.