KKR & Co. Inc. $KKR Stake Raised by World Investment Advisors

World Investment Advisors grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,392 shares of the asset manager’s stock after buying an additional 6,089 shares during the period. World Investment Advisors’ holdings in KKR & Co. Inc. were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KKR. Covenant Asset Management LLC increased its stake in shares of 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 acquiring an additional 27,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of KKR & Co. Inc. by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock valued at $170,736,000 after acquiring an additional 65,178 shares during the period. Cumberland Partners Ltd increased its stake in shares of KKR & Co. Inc. by 816.2% during the third quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock valued at $3,352,000 after acquiring an additional 22,976 shares during the period. Banco Santander S.A. increased its stake in shares of KKR & Co. Inc. by 5,405.9% during the third quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock valued at $18,839,000 after acquiring an additional 142,337 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in shares of KKR & Co. Inc. by 63.2% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock valued at $12,862,000 after acquiring an additional 38,322 shares during the period. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Matt Cohler acquired 43,872 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the transaction, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Y. Bae acquired 125,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 343,872 shares of company stock worth $34,844,179. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 2.2%

KKR & Co. Inc. stock opened at $99.61 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.07 and a current ratio of 0.08. The firm has a market cap of $89.43 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The firm’s 50 day moving average price is $95.28 and its two-hundred day moving average price is $110.95.

KKR & Co. Inc. (NYSE:KKR) last posted 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 net margin of 13.94% and a return on equity of 5.42%. On average, research analysts predict that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.8%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 25.17%.

Analyst Ratings Changes

KKR has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Zacks Research lowered shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. HSBC upgraded 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 research note on Wednesday, January 28th. Piper Sandler decreased their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Finally, Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.67.

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.