Danske Bank A S Sells 122,627 Shares of KKR & Co. Inc. $KKR

Key Points

• Danske Bank A/S reduced its KKR stake by 33.8%, selling 122,627 shares in Q4 and now holds 239,968 shares valued at $30.59 million per its latest 13F filing.
• Insiders have been buying recently: CEO Scott C. Nuttall purchased 125,000 shares at about $102.66 and Director Timothy R. Barakett bought 50,000 shares, with insiders acquiring 393,872 shares (~$40.09M) over the last 90 days and owning 23.20% of the company.
• Analysts give KKR a consensus rating of "Moderate Buy" with an average price target of $137.20, though several firms have recently adjusted targets and ratings both up and down.

Danske Bank A S lessened its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 239,968 shares of the asset manager's stock after selling 122,627 shares during the quarter. Danske Bank A S's holdings in KKR & Co. Inc. were worth $30,591,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KKR. Brighton Jones LLC lifted its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares during the period. Bison Wealth LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $218,000. Sivia Capital Partners LLC lifted its position in KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock worth $273,000 after purchasing an additional 237 shares during the period. United Bank bought a new stake in KKR & Co. Inc. during the second quarter worth about $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in KKR & Co. Inc. during the second quarter worth about $4,826,000. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KKR. UBS Group cut their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an "outperform" rating and a $137.00 target price for the company. Zacks Research cut shares of KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th. Barclays dropped their target price 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, TD Cowen cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and dropped their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $103.70 on Friday. The business has a 50 day moving average of $94.21 and a 200-day moving average of $112.23. 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 current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $92.46 billion, a P/E ratio of 44.32, a P/E/G ratio of 0.90 and a beta of 1.85.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.The company had revenue of $5.74 billion during the quarter. On average, equities research analysts predict that KKR & Co. Inc. will post 5.45 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is currently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, CEO Scott C. Nuttall acquired 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares of the company's stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the purchase, the director directly owned 285,000 shares of the company's stock, valued at $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is owned by corporate 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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