Sterling Investment Advisors Ltd. Raises Holdings in KKR & Co. Inc. $KKR

Sterling Investment Advisors Ltd. grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,492 shares of the asset manager’s stock after acquiring an additional 5,986 shares during the quarter. KKR & Co. Inc. comprises approximately 1.0% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 27th largest holding. Sterling Investment Advisors Ltd.’s holdings in KKR & Co. Inc. were worth $5,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KKR. Norges Bank acquired a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $1,715,929,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth $352,038,000. Farallon Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $257,216,000. Price T Rowe Associates Inc. MD grew its holdings in shares of KKR & Co. Inc. by 41.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,401,951 shares of the asset manager’s stock valued at $561,161,000 after buying an additional 1,295,099 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of KKR & Co. Inc. by 6.9% during the first quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock valued at $1,804,470,000 after buying an additional 1,261,314 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays raised their target price on KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Oppenheimer dropped their price target 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 cut their price objective on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets reduced their price objective on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada decreased their target price on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $130.58.

KKR & Co. Inc. Trading Up 0.3%

Shares of KKR & Co. Inc. stock opened at $97.19 on Wednesday. The firm has a 50-day simple moving average of $95.45 and a two-hundred day simple moving average of $101.95. The company has a market cap of $87.26 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 0.82 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 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. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 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 for the quarter. As a group, equities analysts predict that KKR & Co. Inc. will post 5.55 earnings per share for the current fiscal year.

KKR & Co. Inc. announced that its board has initiated a share 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.195 dividend. 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 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 26.53%.

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.