Capital Research Global Investors Boosts Position in KKR & Co. Inc. $KKR

Capital Research Global Investors increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,602,262 shares of the asset manager’s stock after purchasing an additional 23,483 shares during the quarter. Capital Research Global Investors’ holdings in KKR & Co. Inc. were worth $714,195,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $27,000. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on KKR shares. Barclays cut their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. UBS Group lifted their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. BMO Capital Markets cut their price target on 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. Oppenheimer cut their price target on KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, TD Cowen cut their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Trading Up 0.1%

NYSE:KKR opened at $93.51 on Monday. The firm has a market cap of $83.96 billion, a P/E ratio of 31.81, a PEG ratio of 0.81 and a beta of 1.79. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $96.81 and its 200-day simple moving average is $108.13. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

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

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders 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 $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. declared that its board has initiated a share 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 reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management 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.