Caisse Des Depots ET Consignations Sells 38,402 Shares of KKR & Co. Inc. $KKR

Key Points

• Caisse Des Depots ET Consignations cut its stake in KKR by 90.7%, selling 38,402 shares and leaving 3,917 shares worth about $499,000 at the end of the quarter.
• Significant insider buying: Director Timothy R. Barakett purchased 50,000 shares (avg. $94.47) and CEO Joseph Y. Bae bought 125,000 shares (avg. $102.19); insiders acquired 393,872 shares (~$40.09M) in the past 90 days and now own 23.20% of the stock.
• Analyst and market snapshot: KKR has an average rating of "Moderate Buy" with an average target of $137.20, while the stock trades around $103.70 (market cap ~$92.46B) with a 52-week range of $82.67–$153.87.

Caisse Des Depots ET Consignations reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 90.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,917 shares of the asset manager's stock after selling 38,402 shares during the period. Caisse Des Depots ET Consignations' holdings in KKR & Co. Inc. were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SteelPeak Wealth LLC grew its position in KKR & Co. Inc. by 3.2% during the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager's stock valued at $325,000 after acquiring an additional 80 shares during the last quarter. Diversified Trust Co. grew its position in KKR & Co. Inc. by 1.5% during the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager's stock valued at $709,000 after acquiring an additional 82 shares during the last quarter. Modera Wealth Management LLC grew its position in KKR & Co. Inc. by 4.9% during the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager's stock valued at $228,000 after acquiring an additional 84 shares during the last quarter. Sound Income Strategies LLC grew its position in KKR & Co. Inc. by 9.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager's stock valued at $143,000 after acquiring an additional 90 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its position in KKR & Co. Inc. by 3.0% during the third 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. 76.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KKR. Piper Sandler reduced their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets cut their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, March 24th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. UBS Group cut 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 report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $137.20.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett purchased 50,000 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the acquisition, the chief executive officer owned 509,257 shares of the company's stock, valued at $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is currently owned by insiders.

KKR & Co. Inc. Stock Down 0.6%

Shares of KKR & Co. Inc. stock opened at $103.70 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 44.32, a P/E/G ratio of 0.91 and a beta of 1.85. The company's 50 day moving average price is $94.21 and its 200-day moving average price is $112.28.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The firm had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. Equities research analysts forecast that KKR & Co. Inc. will post 5.45 EPS for the current 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 issued a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.'s payout ratio is 31.62%.

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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