KKR & Co. Inc. $KKR Shares Bought by Meitav Investment House Ltd.

Meitav Investment House Ltd. grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 58.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 938,212 shares of the asset manager’s stock after purchasing an additional 346,035 shares during the quarter. KKR & Co. Inc. makes up 1.0% of Meitav Investment House Ltd.’s portfolio, making the stock its 26th largest holding. Meitav Investment House Ltd.’s holdings in KKR & Co. Inc. were worth $86,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Advisors Network LLC lifted its holdings in shares of KKR & Co. Inc. by 62.5% in the 1st quarter. Integrated Advisors Network LLC now owns 47,064 shares of the asset manager’s stock worth $4,353,000 after purchasing an additional 18,101 shares during the last quarter. Canvas Wealth Advisors LLC grew its stake in KKR & Co. Inc. by 133.4% during the 1st quarter. Canvas Wealth Advisors LLC now owns 4,342 shares of the asset manager’s stock worth $402,000 after buying an additional 2,482 shares during the last quarter. Grange Capital LLC grew its stake in KKR & Co. Inc. by 93.7% during the 1st quarter. Grange Capital LLC now owns 28,946 shares of the asset manager’s stock worth $2,678,000 after buying an additional 14,003 shares during the last quarter. Abel Hall LLC increased its position in KKR & Co. Inc. by 95.7% in the first quarter. Abel Hall LLC now owns 3,471 shares of the asset manager’s stock worth $321,000 after buying an additional 1,697 shares during the period. Finally, Lee Danner & Bass Inc. increased its position in KKR & Co. Inc. by 1.0% in the first quarter. Lee Danner & Bass Inc. now owns 17,546 shares of the asset manager’s stock worth $1,623,000 after buying an additional 175 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KKR. TD Cowen reduced their price target on shares of 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 dropped their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. UBS Group lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reduced 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, BMO Capital Markets decreased their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.53.

KKR & Co. Inc. Stock Performance

KKR stock traded down $0.71 during trading on Tuesday, reaching $95.26. 750,032 shares of the company’s stock were exchanged, compared to its average volume of 6,211,318. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The firm has a market cap of $85.53 billion, a PE ratio of 32.40, a P/E/G ratio of 0.81 and a beta of 1.79. The company’s fifty day moving average price is $96.12 and its 200-day moving average price is $103.44. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued 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 for the quarter. On average, research analysts expect that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.195 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is currently 26.53%.

KKR & Co. Inc. announced that its board has approved a share repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.