KKR & Co. Inc. $KKR Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 74.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,906 shares of the asset manager’s stock after selling 11,256 shares during the period. Union Bancaire Privee UBP SA’s holdings in KKR & Co. Inc. were worth $459,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares during the last quarter. Bison Wealth LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $218,000. Sivia Capital Partners LLC lifted its position in shares of KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares during the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the second quarter worth about $769,000. Finally, DNB Asset Management AS grew its stake in KKR & Co. Inc. by 5.8% in the second quarter. DNB Asset Management AS now owns 223,561 shares of the asset manager’s stock worth $29,740,000 after purchasing an additional 12,291 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective for the company. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. Oppenheimer lowered their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. UBS Group dropped their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Barclays reduced their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.80.

KKR & Co. Inc. Price Performance

KKR opened at $90.02 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $104.65 and its 200 day moving average price is $120.12. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The firm has a market cap of $80.25 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 0.66 and a beta of 2.01.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling

In related news, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the acquisition, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 393,872 shares of company stock worth $40,090,679. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. 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.