Cibc World Market Inc. Boosts Position in KKR & Co. Inc. $KKR

Cibc World Market Inc. increased its holdings in KKR & Co. Inc. (NYSE:KKR) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,761 shares of the asset manager’s stock after acquiring an additional 10,547 shares during the quarter. Cibc World Market Inc.’s holdings in KKR & Co. Inc. were worth $6,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Southeast Asset Advisors LLC grew its stake in KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after purchasing an additional 68 shares during the period. Moors & Cabot Inc. grew its position in KKR & Co. Inc. by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after purchasing an additional 75 shares during the last quarter. Berbice Capital Management LLC increased its stake in KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 3.7% during the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after buying an additional 84 shares during the period. Finally, Cornerstone Advisory LLC grew its holdings in shares of KKR & Co. Inc. by 3.0% during the second quarter. Cornerstone Advisory LLC now owns 3,097 shares of the asset manager’s stock valued at $412,000 after buying an additional 89 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $101.64 on Friday. The company has a market capitalization of $90.60 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 0.79 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87. The firm’s 50-day moving average is $124.51 and its two-hundred day moving average is $128.75.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. KKR & Co. Inc.’s revenue for the quarter was up 76.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. Analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Insider Buying and Selling

In other news, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction on Monday, February 9th. The shares were bought at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the acquisition, the director owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This trade represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KKR. Oppenheimer dropped their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Barclays cut their price target on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Morgan Stanley lowered their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.57.

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.