KKR & Co. Inc. $KKR Shares Sold by Midwest Trust Co

Midwest Trust Co lowered its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,989 shares of the asset manager’s stock after selling 5,497 shares during the quarter. Midwest Trust Co’s holdings in KKR & Co. Inc. were worth $16,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SteelPeak Wealth LLC boosted its position in KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after purchasing an additional 80 shares during the period. Diversified Trust Co. boosted its position in KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 82 shares during the period. Modera Wealth Management LLC boosted its position in KKR & Co. Inc. by 4.9% during the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 84 shares during the period. Sound Income Strategies LLC boosted its position in KKR & Co. Inc. by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 90 shares during the period. Finally, Cornerstone Advisory LLC boosted its position in KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: UBS said KKR could see strong upside, and TD Cowen lifted its price target to $106, reinforcing a constructive analyst view on the stock. UBS Group Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock
• Positive Sentiment: KKR closed its Arctos acquisition, expanding into sports franchise investing and GP solutions, which broadens its private-markets platform and could support longer-term growth. KKR Adds Sports Franchise Exposure Through Arctos Buyout
• Positive Sentiment: KKR-backed InCred filed IPO papers in India targeting a large valuation, which may highlight value creation within KKR’s portfolio. KKR-Backed InCred Files ₹3,000 Crore IPO Papers, Targets ₹15,000 Crore Valuation
• Positive Sentiment: KKR portfolio company CoolIT was sold for $4.75 billion, and employee payouts are reportedly substantial, another sign that KKR can monetize investments well. This KKR Portfolio Company Just Sold for $4.75 Billion—and Its Employees Are Getting an 8x Salary Bonus
• Neutral Sentiment: Unusual options activity showed elevated put buying, suggesting some traders are hedging or betting on near-term downside, but it does not confirm a fundamental change. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Neutral Sentiment: RBC turned more cautious on KKR’s stock price, adding to the mixed analyst backdrop, though it is offset by the bullish views elsewhere. Royal Bank Of Canada Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price
• Negative Sentiment: KKR and Instructure were sued over a data breach tied to the Canvas edtech tool, creating potential legal and reputational risk for KKR. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Negative Sentiment: KKR’s Q1 results beat estimates, but shares fell after management reduced visibility on reaching $7 per share in annualized net income, which spooked investors about near-term earnings momentum. KKR Shares Slip as Weak ANI Outlook Overshadows Q1 Earnings Beat

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. UBS Group boosted their price target on KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.67.

KKR & Co. Inc. Stock Up 2.1%

Shares of KKR & Co. Inc. stock opened at $102.48 on Friday. The stock’s fifty day moving average is $94.49 and its 200-day moving average is $111.73. The firm has a market capitalization of $91.36 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.50% and a net margin of 13.94%. Equities analysts anticipate that KKR & Co. Inc. will post 5.39 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend 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 25.17%.

KKR & Co. Inc. announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Matt Cohler bought 43,872 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Y. Bae bought 125,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 393,872 shares of company stock valued at $40,090,679 over the last ninety days. 23.20% of the stock is currently owned by company insiders.

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.