KKR & Co. Inc. $KKR Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 28.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,761 shares of the asset manager’s stock after purchasing an additional 10,547 shares during the quarter. Cibc World Market Inc.’s holdings in KKR & Co. Inc. were worth $6,207,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KKR. Covenant Asset Management LLC lifted its position in KKR & Co. Inc. by 1,424.8% during the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock valued at $3,876,000 after purchasing an additional 27,870 shares during the last quarter. Allen Investment Management LLC boosted its stake in shares of KKR & Co. Inc. by 165.0% during the 3rd quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock worth $32,146,000 after purchasing an additional 154,009 shares during the period. Stonegate Investment Group LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth about $6,219,000. Generali Asset Management SPA SGR boosted its position in shares of KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after buying an additional 21,270 shares during the period. Finally, First Interstate Bank purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $3,115,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 0.5%

Shares of KKR opened at $101.64 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $124.51 and a 200 day moving average price of $128.75. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87. The firm has a market capitalization of $90.60 billion, a P/E ratio of 43.44, a P/E/G ratio of 0.79 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the acquisition, the director owned 235,000 shares in the company, valued at $24,658,550. The trade was a 27.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KKR. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Wednesday, January 28th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, Barclays reduced their target price on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $156.57.

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.