KKR & Co. Inc. $KKR Shares Purchased by World Investment Advisors

World Investment Advisors increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,392 shares of the asset manager’s stock after acquiring an additional 6,089 shares during the period. World Investment Advisors’ holdings in KKR & Co. Inc. were worth $3,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Winthrop Partners WNY LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $1,449,000. Nalls Sherbakoff Group LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $859,000. Corient Private Wealth LLC grew its holdings in KKR & Co. Inc. by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 301,370 shares of the asset manager’s stock valued at $38,419,000 after purchasing an additional 10,470 shares during the last quarter. Hsbc Holdings PLC grew its holdings in KKR & Co. Inc. by 8.7% in the fourth quarter. Hsbc Holdings PLC now owns 1,370,234 shares of the asset manager’s stock valued at $174,955,000 after purchasing an additional 109,714 shares during the last quarter. Finally, Mengis Capital Management Inc. acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $204,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.1%

KKR & Co. Inc. stock opened at $96.37 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market capitalization of $86.52 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.79. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The stock’s fifty day moving average is $97.27 and its two-hundred day moving average is $107.45.

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 business had revenue of $5.74 billion for the quarter. Analysts predict that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 26.53%.

Wall Street Analyst Weigh In

KKR has been the topic of several research reports. Oppenheimer lowered their target price 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. Royal Bank Of Canada lowered their target price 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. The Goldman Sachs Group lowered their target price 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. Weiss Ratings lowered KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.53.

About KKR & Co. Inc.

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.