Pacific Capital Partners Ltd Boosts Stake in KKR & Co. Inc. $KKR

Pacific Capital Partners Ltd increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 186.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,750 shares of the asset manager’s stock after acquiring an additional 7,000 shares during the quarter. KKR & Co. Inc. comprises 1.5% of Pacific Capital Partners Ltd’s investment portfolio, making the stock its 23rd biggest position. Pacific Capital Partners Ltd’s holdings in KKR & Co. Inc. were worth $1,370,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of KKR & Co. Inc. by 2,150.0% in the third 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 in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Up 2.2%

Shares of KKR & Co. Inc. stock opened at $90.47 on Tuesday. The firm has a market capitalization of $80.66 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 0.65 and a beta of 2.01. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a 50 day moving average of $99.62 and a 200 day moving average of $117.95.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

Analyst Ratings Changes

A number of equities analysts recently commented on KKR shares. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price for the company. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, UBS Group cut their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.00.

Insiders Place Their Bets

In related news, CEO Scott C. Nuttall bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the transaction, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Y. Bae purchased 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 393,872 shares of company stock valued at $40,090,679 over the last 90 days. Company insiders own 23.20% of the company’s stock.

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.