Private Advisor Group LLC Has $997,000 Stock Holdings in KKR & Co. Inc. $KKR

Private Advisor Group LLC trimmed its position in KKR & Co. Inc. (NYSE:KKR) by 34.0% during the first quarter, Holdings Channel reports. The firm owned 10,779 shares of the asset manager’s stock after selling 5,561 shares during the quarter. Private Advisor Group LLC’s holdings in KKR & Co. Inc. were worth $997,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC increased its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after acquiring an additional 237 shares during the last quarter. United Bank acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in KKR & Co. Inc. in the 2nd quarter valued at $4,826,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KKR shares. Morgan Stanley cut their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Oppenheimer decreased their price objective on shares of 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 dropped their price objective on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday. 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 for the company in a research note on Tuesday, April 7th. Finally, Zacks Research raised shares of 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, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.58.

KKR & Co. Inc. Stock Up 0.1%

KKR stock opened at $97.08 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $87.17 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 0.82 and a beta of 1.79. The business’s fifty day moving average price is $95.54 and its two-hundred day moving average price is $102.18. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.55 earnings per share for the current year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share buyback program on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is 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 paid a $0.195 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, May 15th. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 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.