Dnca Finance Buys New Shares in KKR & Co. Inc. $KKR

Key Points

• DNCA Finance opened a new Q3 position in KKR of 27,577 shares worth about $3.58 million, joining institutional holders that collectively own roughly 76.26% of the stock.
• Insider purchases were significant: Director Matt Cohler bought 43,872 shares (~$4.51M) and CEO Joseph Y. Bae bought 125,000 shares (~$12.77M) on Feb 17, part of insiders acquiring 393,872 shares (~$40.09M) over the past 90 days; insiders now own ~23.20%.
• Analysts have a consensus "Moderate Buy" with a $151.80 target, while the stock opened at $85.97 (52-week range $82.67–$153.87), implying notable analyst-implied upside.

Dnca Finance bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,577 shares of the asset manager's stock, valued at approximately $3,584,000.

A number of other institutional investors have also bought and sold shares of KKR. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at about $26,000. GGM Financials LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth about $27,000. Clearstead Trust LLC purchased a new stake in shares of KKR & Co. Inc. during the second quarter worth about $28,000. Richardson Financial Services Inc. grew its position in shares of KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $85.97 on Friday. The stock has a market cap of $76.65 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 0.61 and a beta of 2.01. 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 stock has a 50 day moving average price of $109.11 and a 200-day moving average price of $122.01. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.62%.

Insider Activity

In other news, Director Matt Cohler acquired 43,872 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares of the company's stock, valued at $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares of the company's stock, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 393,872 shares of company stock valued at $40,090,679 over the last ninety days. 23.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on KKR shares. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price target on the stock in a report on Wednesday, January 28th. UBS Group reduced their price objective 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. TD Cowen downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and lowered their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, February 24th. They set an "outperform" rating and a $137.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.80.

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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