KKR & Co. Inc. $KKR Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. lifted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 261.1% during the fourth quarter, Holdings Channel reports. The firm owned 172,474 shares of the asset manager’s stock after acquiring an additional 124,713 shares during the quarter. Cibc World Market Inc.’s holdings in KKR & Co. Inc. were worth $21,987,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $27,000. Washington Trust Advisors Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Elyxium Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 2.0%

Shares of KKR & Co. Inc. stock opened at $93.51 on Friday. 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. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a market capitalization of $83.96 billion, a P/E ratio of 31.81, a P/E/G ratio of 0.83 and a beta of 1.79. The business has a 50 day moving average price of $96.81 and a 200 day moving average price of $108.17.

KKR & Co. Inc. (NYSE:KKR) last issued 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 firm had revenue of $5.74 billion during the quarter. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. declared that its Board of Directors has authorized 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 repurchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KKR shares. Royal Bank Of Canada lowered their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets lowered their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Oppenheimer lowered their price target on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.53.

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.