B. Metzler seel. Sohn & Co. AG Reduces Holdings in KKR & Co. Inc. $KKR

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in KKR by 35.4% in Q4, selling 35,008 shares and leaving 63,975 shares valued at about $8.17 million.
• Company insiders ramped up purchases — CEO Scott C. Nuttall bought 125,000 shares (~$12.83M) and director Matt Cohler bought 43,872 shares, with insiders acquiring 393,872 shares in the last 90 days and now owning 23.20% of KKR.
• Analyst sentiment is mixed: KKR has a consensus rating of "Moderate Buy" with a $137.20 target, but several firms recently lowered price targets while the stock traded near $101.75 (down ~3.9%).

B. Metzler seel. Sohn & Co. AG trimmed its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 35.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,975 shares of the asset manager's stock after selling 35,008 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in KKR & Co. Inc. were worth $8,167,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Covenant Asset Management LLC grew its position in shares of KKR & Co. Inc. by 1,424.8% in the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager's stock valued at $3,876,000 after buying an additional 27,870 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of KKR & Co. Inc. by 5.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager's stock valued at $170,736,000 after buying an additional 65,178 shares during the last quarter. Cumberland Partners Ltd grew its position in shares of KKR & Co. Inc. by 816.2% in the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager's stock valued at $3,352,000 after buying an additional 22,976 shares during the last quarter. Banco Santander S.A. grew its position in shares of KKR & Co. Inc. by 5,405.9% in the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager's stock valued at $18,839,000 after buying an additional 142,337 shares during the last quarter. Finally, Employees Retirement System of Texas grew its position in shares of KKR & Co. Inc. by 54.9% in the 3rd quarter. Employees Retirement System of Texas now owns 540,300 shares of the asset manager's stock valued at $70,212,000 after buying an additional 191,600 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KKR. UBS Group dropped their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Barclays lowered their price objective on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an "outperform" rating and a $137.00 price objective on the stock. Zacks Research downgraded shares of KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. Finally, TD Cowen downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. One equities research 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, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price of $137.20.

KKR & Co. Inc. Trading Down 3.9%

Shares of KKR & Co. Inc. stock opened at $101.75 on Friday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. 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 $90.71 billion, a P/E ratio of 43.48, a PEG ratio of 0.89 and a beta of 1.93. The company's fifty day moving average is $94.28 and its two-hundred day moving average is $113.05.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Director Matt Cohler bought 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the acquisition, the director directly owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott C. Nuttall bought 125,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 15,503,748 shares of the company's stock, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 393,872 shares of company stock valued at $40,090,679. Company insiders own 23.20% of the company's stock.

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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