Adell Harriman & Carpenter Inc. Has $34.40 Million Holdings in KKR & Co. Inc. $KKR

Adell Harriman & Carpenter Inc. lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 2.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 269,866 shares of the asset manager’s stock after acquiring an additional 5,843 shares during the period. KKR & Co. Inc. accounts for about 2.1% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 14th biggest position. Adell Harriman & Carpenter Inc.’s holdings in KKR & Co. Inc. were worth $34,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Intrust Bank NA bought a new stake in KKR & Co. Inc. in the fourth quarter valued at about $207,000. Banque Cantonale Vaudoise boosted its stake in KKR & Co. Inc. by 323.4% during the 4th quarter. Banque Cantonale Vaudoise now owns 15,000 shares of the asset manager’s stock worth $1,912,000 after acquiring an additional 11,457 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in KKR & Co. Inc. by 1.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 152,830 shares of the asset manager’s stock valued at $19,483,000 after purchasing an additional 1,873 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $829,000. Finally, Forefront Wealth Partners LLC increased its stake in KKR & Co. Inc. by 4.0% in the fourth quarter. Forefront Wealth Partners LLC now owns 3,551 shares of the asset manager’s stock valued at $453,000 after purchasing an additional 136 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Insider Transactions at KKR & Co. Inc.

In related news, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the transaction, the director owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This trade represents a 21.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Down 3.1%

NYSE KKR opened at $92.95 on Wednesday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 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. The stock’s 50 day moving average price is $95.39 and its two-hundred day moving average price is $110.42. The stock has a market capitalization of $83.46 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 0.85 and a beta of 1.85.

KKR & Co. Inc. (NYSE:KKR) last posted 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 net margin of 13.94% and a return on equity of 5.42%. The company had revenue of $5.74 billion for the quarter. As a group, analysts anticipate that KKR & Co. Inc. will post 5.46 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its board has authorized a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets reduced 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 report on Tuesday, March 24th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. 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. TD Cowen decreased their price objective on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research report on Monday. Finally, Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.