World Investment Advisors Raises Stock Holdings in KKR & Co. Inc. $KKR

World Investment Advisors grew its stake in KKR & Co. Inc. (NYSE:KKR) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,392 shares of the asset manager’s stock after acquiring an additional 6,089 shares during the quarter. World Investment Advisors’ holdings in KKR & Co. Inc. were worth $3,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KKR. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $1,715,929,000. Strive Asset Management LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $535,907,000. Viking Global Investors LP purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $352,038,000. Farallon Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $257,216,000. Finally, Close Asset Management Ltd lifted its position in shares of KKR & Co. Inc. by 4,155.1% in the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after acquiring an additional 1,479,688 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on KKR shares. Piper Sandler decreased their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. TD Cowen decreased their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Barclays decreased their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley decreased their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Stock Up 1.1%

Shares of NYSE:KKR opened at $96.37 on Friday. The stock’s 50-day moving average price is $97.27 and its two-hundred day moving average price is $107.45. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The firm has a market cap of $86.52 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 0.83 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. declared that its board has approved a share repurchase program on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.