Financial Synergies Wealth Advisors Inc. Acquires Shares of 5,369 KKR & Co. Inc. $KKR

Financial Synergies Wealth Advisors Inc. acquired a new stake in KKR & Co. Inc. (NYSE:KKR) in the fourth quarter, Holdings Channel reports. The fund acquired 5,369 shares of the asset manager’s stock, valued at approximately $684,000.

Other institutional investors have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $27,000. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

KKR stock opened at $94.37 on Thursday. The company has a 50 day simple moving average of $95.46 and a 200 day simple moving average of $110.25. The stock has a market cap of $84.73 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 0.82 and a beta of 1.85. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Research analysts anticipate that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 15th. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KKR. BMO Capital Markets cut their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Piper Sandler cut their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. TD Cowen cut their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

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.