Capital International Sarl Has $5.44 Million Holdings in KKR & Co. Inc. $KKR

Capital International Sarl lessened its stake in KKR & Co. Inc. (NYSE:KKR) by 30.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,851 shares of the asset manager’s stock after selling 18,702 shares during the quarter. Capital International Sarl’s holdings in KKR & Co. Inc. were worth $5,439,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in KKR & Co. Inc. during the second quarter worth about $1,530,419,000. Strive Asset Management LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $535,907,000. Close Asset Management Ltd grew its position in shares of KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock valued at $196,845,000 after purchasing an additional 1,479,688 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of KKR & Co. Inc. by 454.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock valued at $183,760,000 after purchasing an additional 1,132,046 shares during the period. Finally, Vanguard Group Inc. increased its stake in KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after purchasing an additional 1,099,263 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KKR. UBS Group cut their price target on shares of 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 cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price for the company. Oppenheimer dropped their price target 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. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.80.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $89.96 on Wednesday. The stock has a market capitalization of $80.20 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 0.65 and a beta of 2.01. KKR & Co. Inc. has a 12 month low of $84.52 and a 12 month high of $153.87. The firm has a fifty day simple moving average of $111.64 and a 200 day simple moving average of $122.90. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The firm’s quarterly revenue was up 76.1% on a year-over-year basis. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling

In related news, Director Timothy R. Barakett acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director owned 285,000 shares in the company, valued at $26,923,950. This represents a 21.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. The trade was a 32.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 393,872 shares of company stock valued at $40,090,679 in the last ninety days. 23.20% of the stock is 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.