Zuckerman Investment Group LLC Reduces Stake in KKR & Co. Inc. $KKR

Zuckerman Investment Group LLC cut its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,958 shares of the asset manager’s stock after selling 9,843 shares during the quarter. KKR & Co. Inc. comprises 2.6% of Zuckerman Investment Group LLC’s investment portfolio, making the stock its 8th largest holding. Zuckerman Investment Group LLC’s holdings in KKR & Co. Inc. were worth $28,454,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. ESL Trust Services LLC bought a new position in KKR & Co. Inc. during the third quarter worth $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Clearstead Trust LLC bought a new stake in KKR & Co. Inc. in the 2nd quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Finally, Pineridge Advisors LLC acquired a new stake in KKR & Co. Inc. in the 2nd quarter worth $31,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Trading Up 2.5%

Shares of KKR opened at $85.97 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock has a market cap of $76.65 billion, a PE ratio of 36.74, a PEG ratio of 0.61 and a beta of 2.01. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The stock has a 50 day simple moving average of $109.11 and a 200-day simple moving average of $122.01.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Insider Activity

In other news, Director Matt Cohler acquired 43,872 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 393,872 shares of company stock worth $40,090,679 over the last 90 days. 23.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer reduced their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

KKR & Co. Inc. Company 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.