VCI Wealth Management LLC Sells 6,101 Shares of KKR & Co. Inc. $KKR

VCI Wealth Management LLC cut its stake in KKR & Co. Inc. (NYSE:KKR) by 32.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,452 shares of the asset manager’s stock after selling 6,101 shares during the period. VCI Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,152,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Asset Dedication LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth about $26,000. Washington Trust Advisors Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $27,000. Elyxium Wealth LLC purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $27,000. SouthState Bank Corp lifted its position 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 acquiring an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $29,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $90.20 on Friday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The firm has a market cap of $80.99 billion, a P/E ratio of 30.68, a PEG ratio of 0.80 and a beta of 1.79. The company has a 50 day moving average of $97.42 and a 200 day moving average of $105.50. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

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. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion for the quarter. As a group, research analysts expect that KKR & Co. Inc. will post 5.53 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their price objective on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Oppenheimer cut their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Piper Sandler reduced their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.