Capital International Ltd. CA Boosts Holdings in KKR & Co. Inc. $KKR

Capital International Ltd. CA grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 714.2% during the 4th quarter, HoldingsChannel reports. The fund owned 82,636 shares of the asset manager’s stock after acquiring an additional 72,487 shares during the quarter. Capital International Ltd. CA’s holdings in KKR & Co. Inc. were worth $10,534,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. UBS Group lifted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group cut their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Cowen cut their target price on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Barclays cut their target price on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Stock 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 quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock has a market capitalization of $83.96 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 0.81 and a beta of 1.79. The company’s 50 day moving average price is $96.81 and its 200-day moving average price is $108.17.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Equities research analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. announced that its board has authorized a stock repurchase 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 buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.