CIBC Asset Management Inc Has $21.36 Million Holdings in KKR & Co. Inc. $KKR

CIBC Asset Management Inc increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 67.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,527 shares of the asset manager’s stock after acquiring an additional 67,304 shares during the quarter. CIBC Asset Management Inc’s holdings in KKR & Co. Inc. were worth $21,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth approximately $27,000. Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. Finally, Atlantic Union Bankshares Corp acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KKR shares. Piper Sandler cut their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada decreased their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. TD Cowen dropped their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. 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, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Trading Up 5.3%

Shares of KKR stock opened at $95.35 on Friday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The stock’s fifty day moving average price is $96.72 and its two-hundred day moving average price is $108.27. 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 company has a market cap of $85.61 billion, a PE ratio of 32.43, a P/E/G ratio of 0.78 and a beta of 1.79.

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

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 26.53%.

KKR & Co. Inc. announced that its board has authorized a share repurchase 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 repurchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.