Cibc World Market Inc. Increases Stock Position in KKR & Co. Inc. (NYSE:KKR)

Cibc World Market Inc. boosted its stake in KKR & Co. Inc. (NYSE:KKRGet Rating) by 11.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,372 shares of the asset manager’s stock after purchasing an additional 2,016 shares during the quarter. Cibc World Market Inc.’s holdings in KKR & Co. Inc. were worth $897,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KKR. DAVENPORT & Co LLC lifted its stake in KKR & Co. Inc. by 4.6% in the 1st quarter. DAVENPORT & Co LLC now owns 17,324 shares of the asset manager’s stock worth $1,013,000 after purchasing an additional 767 shares in the last quarter. National Asset Management Inc. lifted its stake in KKR & Co. Inc. by 2.5% in the 1st quarter. National Asset Management Inc. now owns 16,650 shares of the asset manager’s stock worth $974,000 after purchasing an additional 409 shares in the last quarter. FDx Advisors Inc. purchased a new stake in KKR & Co. Inc. in the 1st quarter worth $234,000. Mount Yale Investment Advisors LLC lifted its stake in KKR & Co. Inc. by 26.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 3,827 shares of the asset manager’s stock worth $224,000 after purchasing an additional 791 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in KKR & Co. Inc. by 2.6% in the 1st quarter. Arizona State Retirement System now owns 146,558 shares of the asset manager’s stock worth $8,569,000 after purchasing an additional 3,693 shares in the last quarter. Hedge funds and other institutional investors own 52.58% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $51.84 on Monday. The company has a market capitalization of $44.64 billion, a price-to-earnings ratio of -82.28, a PEG ratio of 2.97 and a beta of 1.55. KKR & Co. Inc. has a 12 month low of $41.77 and a 12 month high of $79.89. The firm’s 50-day moving average is $48.13 and its 200 day moving average is $50.14. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.79.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be paid a $0.155 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.62 dividend on an annualized basis and a yield of 1.20%. KKR & Co. Inc.’s dividend payout ratio is currently -98.41%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler decreased their target price on shares of KKR & Co. Inc. to $59.00 in a research report on Wednesday, November 16th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, November 11th. JMP Securities decreased their target price on shares of KKR & Co. Inc. from $80.00 to $74.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 11th. Credit Suisse Group decreased their target price on shares of KKR & Co. Inc. from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.21.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 5,750,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $14.10, for a total value of $81,075,000.00. Following the transaction, the insider now directly owns 572,354 shares in the company, valued at approximately $8,070,191.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

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KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

See Also

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

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