World Investment Advisors LLC Grows Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

World Investment Advisors LLC increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,196 shares of the asset manager’s stock after purchasing an additional 2,954 shares during the period. World Investment Advisors LLC’s holdings in KKR & Co. Inc. were worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KKR. Dudley Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.7% in the third quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after acquiring an additional 80 shares during the period. FWG Holdings LLC grew its position in KKR & Co. Inc. by 1.6% during the third quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after buying an additional 80 shares during the period. Sigma Planning Corp grew its position in shares of KKR & Co. Inc. by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after acquiring an additional 81 shares during the period. Connable Office Inc. increased its stake in shares of KKR & Co. Inc. by 0.4% in the 3rd quarter. Connable Office Inc. now owns 19,311 shares of the asset manager’s stock valued at $2,522,000 after purchasing an additional 82 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in KKR & Co. Inc. by 1.3% in the 3rd quarter. OLD National Bancorp IN now owns 6,477 shares of the asset manager’s stock worth $846,000 after purchasing an additional 85 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $154.34 on Friday. KKR & Co. Inc. has a 1-year low of $78.95 and a 1-year high of $163.68. The stock has a 50-day moving average of $147.22 and a two-hundred day moving average of $126.49. The company has a market cap of $137.09 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $0.73 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.45%. KKR & Co. Inc.’s payout ratio is 21.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KKR shares. HSBC initiated coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.21.

KKR & Co. Inc. Company Profile

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.