KKR & Co. Inc. $KKR Shares Bought by Capital International Sarl

Capital International Sarl boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 309.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,174 shares of the asset manager’s stock after acquiring an additional 129,323 shares during the quarter. Capital International Sarl’s holdings in KKR & Co. Inc. were worth $21,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $27,000. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $33,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada reduced their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. TD Cowen reduced their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley reduced 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. UBS Group raised their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets reduced their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Stock Down 2.0%

KKR opened at $93.51 on Friday. 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 business has a 50 day simple moving average of $96.81 and a 200-day simple moving average of $108.17. The stock has a market capitalization of $83.96 billion, a P/E ratio of 31.81, a P/E/G ratio of 0.81 and a beta of 1.79. 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 posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business 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 5.51 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board 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.