FSA Advisors Inc. Invests $1.28 Million in KKR & Co. Inc. $KKR

Key Points

• FSA Advisors Inc. bought a new position in KKR, acquiring 10,060 shares in Q4 valued at approximately $1.28 million.
• Large insider purchases occurred recently—CEO Joseph Y. Bae bought 125,000 shares (~$12.77M) and director Matt Cohler bought 43,872 shares—bringing insiders' ownership to 23.20%.
• KKR trades around $103.70 with a market cap of $92.46 billion and a P/E of 44.32, and carries an average analyst rating of Moderate Buy with a $137.20 target.

FSA Advisors Inc. bought a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,060 shares of the asset manager's stock, valued at approximately $1,282,000.

Other hedge funds also recently made changes to their positions in 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 worth $3,876,000 after acquiring an additional 27,870 shares in 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 worth $170,736,000 after acquiring an additional 65,178 shares in the last quarter. Cumberland Partners Ltd lifted its holdings 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 worth $3,352,000 after purchasing an additional 22,976 shares during the last quarter. Banco Santander S.A. boosted its position in KKR & Co. Inc. by 5,405.9% during the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager's stock valued at $18,839,000 after purchasing an additional 142,337 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in KKR & Co. Inc. by 63.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager's stock valued at $12,862,000 after purchasing an additional 38,322 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 0.0%

NYSE:KKR opened at $103.70 on Monday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The firm 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. 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 business has a 50 day simple moving average of $94.21 and a 200 day simple moving average of $112.13.

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

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KKR. Wall Street Zen upgraded KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research report on Sunday, January 25th. Weiss Ratings upgraded KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, February 4th. The Goldman Sachs Group reduced their price objective on KKR & Co. Inc. from $145.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Oppenheimer reduced their price objective on KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. Finally, Barclays reduced their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.20.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Matt Cohler bought 43,872 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares of the company's stock, 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 SEC, which is accessible through this link. Also, CEO Joseph Y. Bae bought 125,000 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the purchase, the chief executive officer directly owned 509,257 shares in the company, 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. Insiders bought 393,872 shares of company stock worth $40,090,679 over the last 90 days. Insiders own 23.20% of the company's stock.

About KKR & Co. Inc.

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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