Dnca Finance Buys Shares of 27,577 KKR & Co. Inc. $KKR

Dnca Finance bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the third quarter, HoldingsChannel.com reports. The fund bought 27,577 shares of the asset manager’s stock, valued at approximately $3,584,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Southeast Asset Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after acquiring an additional 68 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares during the period. Foundations Investment Advisors LLC grew its position in KKR & Co. Inc. by 3.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after acquiring an additional 84 shares during the last quarter. Cornerstone Advisory LLC grew its position in KKR & Co. Inc. by 3.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after acquiring an additional 92 shares during the last quarter. Finally, SteelPeak Wealth LLC increased its stake in KKR & Co. Inc. by 4.2% in the third quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager’s stock worth $321,000 after purchasing an additional 99 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 2.5%

Shares of NYSE KKR opened at $85.97 on Friday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The firm has a market cap of $76.65 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 0.61 and a beta of 2.01. The business has a fifty day simple moving average of $109.11 and a two-hundred day simple moving average of $122.01. 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. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae bought 125,000 shares of the company’s stock in a transaction on 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 acquisition, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 15,503,748 shares in the company, 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. Over the last three months, insiders have bought 393,872 shares of company stock valued at $40,090,679. Insiders own 23.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Wednesday, January 28th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. 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 objective for the company. 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. Finally, Oppenheimer dropped their target price on shares of 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. Two investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.80.

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.