24,523 Shares in KKR & Co. Inc. $KKR Bought by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC purchased a new position of 24,523 shares of KKR in the fourth quarter, valued at about $3.13 million according to its SEC filing.
• Company insiders made large purchases—CEOs Scott Nuttall and Joseph Bae each bought 125,000 shares on Feb. 17 (roughly $12.8M and $12.77M), with insiders buying 393,872 shares (~$40.09M) over the last 90 days and now owning 23.20% of the stock.
• Institutional ownership is high (~76.26%), and Wall Street’s consensus is a "Moderate Buy" with a $138.07 target price while the shares trade near $98 and the company has a market cap of about $87.4 billion.

Third View Private Wealth LLC purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,523 shares of the asset manager's stock, valued at approximately $3,126,000.

Several other large investors have also recently added to or reduced their stakes in KKR. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. during the third quarter worth about $535,907,000. Viking Global Investors LP purchased a new position in KKR & Co. Inc. during the third quarter worth about $352,038,000. Close Asset Management Ltd raised its holdings in KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager's stock worth $196,845,000 after purchasing an additional 1,479,688 shares in the last quarter. Rathbones Group PLC raised its holdings in KKR & Co. Inc. by 84.3% during the fourth quarter. Rathbones Group PLC now owns 1,500,547 shares of the asset manager's stock worth $191,290,000 after purchasing an additional 686,175 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in KKR & Co. Inc. during the third quarter worth about $87,443,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a report 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. 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. Barclays cut their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, March 2nd. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.07.

KKR & Co. Inc. Trading Up 7.5%

Shares of KKR & Co. Inc. stock opened at $98.06 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a market capitalization of $87.42 billion, a P/E ratio of 41.90, a P/E/G ratio of 0.75 and a beta of 1.93. The business has a 50 day moving average price of $94.37 and a 200 day moving average price of $114.30.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed 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. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.'s payout ratio is currently 31.62%.

Insider Buying and Selling

In related news, CEO Scott C. Nuttall acquired 125,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased 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 of the company's stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the transaction, 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 SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 393,872 shares of company stock valued at $40,090,679. 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.

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