Universal Beteiligungs und Servicegesellschaft mbH Purchases 7,037 Shares of KKR & Co. Inc. $KKR

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of KKR & Co. Inc. (NYSE:KKR) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 348,948 shares of the asset manager’s stock after purchasing an additional 7,037 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in KKR & Co. Inc. were worth $44,479,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $26,000. Asset Dedication LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $26,000. GGM Financials LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. lifted its holdings in KKR & Co. Inc. by 2,150.0% during the 3rd 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 during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $33,000. 76.26% of the stock is owned by institutional investors.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Matt Cohler purchased 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the transaction, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott C. Nuttall purchased 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 393,872 shares of company stock valued at $40,090,679. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 1.3%

Shares of NYSE KKR opened at $105.77 on Thursday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a market cap of $94.30 billion, a PE ratio of 45.20, a P/E/G ratio of 0.83 and a beta of 1.93. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $94.26 and a two-hundred day moving average of $113.13.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Wall Street Analysts Forecast Growth

KKR has been the subject of several analyst reports. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Zacks Research downgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. BMO Capital Markets cut their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target for the company. Finally, Piper Sandler cut their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.20.

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.