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

Union Bancaire Privee UBP SA decreased its position in KKR & Co. Inc. (NYSE:KKR) by 74.2% in the 4th quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KKR. Boltwood Capital Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $278,000. Allworth Financial LP boosted its position in shares of KKR & Co. Inc. by 6.5% during the third quarter. Allworth Financial LP now owns 6,831 shares of the asset manager’s stock worth $888,000 after buying an additional 416 shares during the period. IFP Advisors Inc grew its holdings in KKR & Co. Inc. by 1.7% in the 3rd quarter. IFP Advisors Inc now owns 41,364 shares of the asset manager’s stock worth $5,477,000 after buying an additional 685 shares in the last quarter. Groupama Asset Managment grew its holdings in KKR & Co. Inc. by 303.5% in the 3rd quarter. Groupama Asset Managment now owns 8,958 shares of the asset manager’s stock worth $1,164,000 after buying an additional 6,738 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in KKR & Co. Inc. by 4.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 20,162 shares of the asset manager’s stock valued at $2,620,000 after acquiring an additional 848 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy R. Barakett bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 393,872 shares of company stock valued at $40,090,679 over the last 90 days. Insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price on the stock. HSBC raised 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. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, Barclays decreased their target price on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.80.

KKR & Co. Inc. Stock Down 0.6%

KKR opened at $90.02 on Friday. 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 company has a market capitalization of $80.25 billion, a PE ratio of 38.47, a P/E/G ratio of 0.66 and a beta of 2.01. The stock’s fifty day moving average is $104.65 and its 200-day moving average is $120.12. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87.

KKR & Co. Inc. Announces Dividend

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

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.