Private Advisor Group LLC Has $997,000 Position in KKR & Co. Inc. $KKR

Private Advisor Group LLC cut its holdings in KKR & Co. Inc. (NYSE:KKR) by 34.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,779 shares of the asset manager’s stock after selling 5,561 shares during the quarter. Private Advisor Group LLC’s holdings in KKR & Co. Inc. were worth $997,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Border to Coast Pensions Partnership Ltd increased its holdings in KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after purchasing an additional 55,000 shares in the last quarter. Prana Capital Management LP lifted its holdings in shares of KKR & Co. Inc. by 291.4% in the third quarter. Prana Capital Management LP now owns 584,911 shares of the asset manager’s stock valued at $76,009,000 after purchasing an additional 435,475 shares in the last quarter. Third View Private Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $3,126,000. Lighthouse Investment Partners LLC boosted its position in shares of KKR & Co. Inc. by 146.4% during the third quarter. Lighthouse Investment Partners LLC now owns 94,661 shares of the asset manager’s stock worth $12,301,000 after buying an additional 56,244 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in shares of KKR & Co. Inc. by 125.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after buying an additional 10,982 shares during the period. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $97.08 on Tuesday. 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 moving average of $95.54 and a 200-day moving average of $102.18. The stock has a market capitalization of $87.17 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 0.82 and a beta of 1.79. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion for the quarter. As a group, sell-side analysts predict that KKR & Co. Inc. will post 5.55 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its board has authorized a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on 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. Piper Sandler reduced their price target 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. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. 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 report on Wednesday, May 6th. Finally, BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.58.

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.