ProShare Advisors LLC Has $18.43 Million Position in KKR & Co. Inc. $KKR

ProShare Advisors LLC grew its stake in KKR & Co. Inc. (NYSE:KKR) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,601 shares of the asset manager’s stock after purchasing an additional 7,076 shares during the quarter. ProShare Advisors LLC’s holdings in KKR & Co. Inc. were worth $18,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KKR. Vanguard Group Inc. raised its holdings in KKR & Co. Inc. by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after acquiring an additional 821,739 shares during the period. Legal & General Group Plc boosted its holdings in shares of KKR & Co. Inc. by 1.4% during the third quarter. Legal & General Group Plc now owns 4,642,005 shares of the asset manager’s stock worth $603,229,000 after acquiring an additional 65,695 shares during the period. Strive Asset Management LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $535,907,000. Viking Global Investors LP acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $352,038,000. Finally, CI Investments Inc. increased its stake in shares of KKR & Co. Inc. by 11.5% during the third quarter. CI Investments Inc. now owns 1,745,345 shares of the asset manager’s stock worth $226,808,000 after purchasing an additional 179,793 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director Timothy R. Barakett acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the transaction, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. This trade represents a 21.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Up 1.6%

Shares of NYSE:KKR opened at $94.37 on Thursday. The business’s 50 day simple moving average is $95.46 and its 200 day simple moving average is $110.25. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. 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 company has a market capitalization of $84.73 billion, a P/E ratio of 32.10, a P/E/G ratio of 0.82 and a beta of 1.85.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The firm 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%. On average, research analysts anticipate that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has approved 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 purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, May 15th. KKR & Co. Inc.’s payout ratio is presently 26.53%.

Analysts Set New Price Targets

Several research firms recently issued reports on KKR. TD Cowen reduced their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a research note on Monday. Morgan Stanley lowered their price objective 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 dropped their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, The Goldman Sachs Group lowered their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.53.

About KKR & Co. Inc.

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.