Strive Asset Management LLC Takes Position in KKR & Co. Inc. $KKR

Strive Asset Management LLC bought a new position in KKR & Co. Inc. (NYSE:KKR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,123,951 shares of the asset manager’s stock, valued at approximately $535,907,000. KKR & Co. Inc. comprises approximately 17.9% of Strive Asset Management LLC’s holdings, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of KKR. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $26,000. GGM Financials LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $27,000. Clearstead Trust LLC bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at $28,000. Richardson Financial Services Inc. raised its position 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 worth $29,000 after purchasing an additional 215 shares during the period. Finally, Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. in the second quarter worth $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the acquisition, the director owned 235,000 shares in the company, valued at $24,658,550. This trade represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott C. Nuttall acquired 125,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the transaction, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 343,872 shares of company stock worth $35,367,179 over the last quarter. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer reduced their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. UBS Group decreased their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Barclays decreased their target price on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.80.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $90.85 on Tuesday. The firm has a market capitalization of $80.98 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.63 and a beta of 2.01. The stock has a fifty day moving average of $116.21 and a 200 day moving average of $124.92. KKR & Co. Inc. has a 52 week low of $84.52 and a 52 week high of $153.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The company had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is presently 31.62%.

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.