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

Capital International Sarl increased its position in shares of KKR & Co. Inc. (NYSE:KKRFree Report) by 309.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 171,174 shares of the asset manager’s stock after acquiring an additional 129,323 shares during the period. Capital International Sarl’s holdings in KKR & Co. Inc. were worth $21,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC purchased a new position in KKR & Co. Inc. during the fourth quarter worth $218,000. Sivia Capital Partners LLC increased its position in KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after buying an additional 237 shares in the last quarter. United Bank purchased a new position in KKR & Co. Inc. during the second quarter worth $769,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in KKR & Co. Inc. during the second quarter worth $4,826,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent research reports. Piper Sandler dropped 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. Barclays dropped their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada dropped their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. One equities research 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.53.

View Our Latest Research Report on KKR

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $93.51 on Friday. The company has a market cap 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. 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. has a 52 week low of $82.67 and a 52 week high of $153.87. The business has a fifty day simple moving average of $96.81 and a 200-day simple moving average of $108.17.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its quarterly earnings data 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%. Equities research analysts forecast that KKR & Co. Inc. will post 5.51 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.195 dividend. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 26.53%.

KKR & Co. Inc. announced that its Board of Directors has approved a share buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

About KKR & Co. Inc.

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKRFree Report).

Institutional Ownership by Quarter for KKR & Co. Inc. (NYSE:KKR)

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