iSAM Funds UK Ltd Buys Shares of 27,962 KKR & Co. Inc. $KKR

Key Points

• iSAM Funds UK Ltd opened a new position in KKR in Q3 by buying 27,962 shares worth about $3.63 million, making the stock 0.7% of its holdings and its 26th-largest position.
• Insider buying has been significant: CEO Joseph Y. Bae bought 125,000 shares (~$12.77M) and director Matt Cohler bought 43,872 shares (~$4.51M); insiders purchased 393,872 shares (~$40.09M) over the last three months and now own 23.2% of the company.
• Analysts show a Moderate Buy consensus for KKR with a consensus target price of $151.80, amid recent mixed upgrades and downgrades from several firms.

iSAM Funds UK Ltd purchased a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,962 shares of the asset manager's stock, valued at approximately $3,634,000. KKR & Co. Inc. accounts for 0.7% of iSAM Funds UK Ltd's holdings, making the stock its 26th largest position.

A number of other institutional investors have also modified their holdings of KKR. Southeast Asset Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager's stock valued at $2,983,000 after buying an additional 68 shares during the period. Berbice Capital Management LLC lifted its stake in KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager's stock worth $293,000 after acquiring an additional 75 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in KKR & Co. Inc. by 3.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager's stock valued at $317,000 after acquiring an additional 84 shares during the period. Cornerstone Advisory LLC boosted its holdings in KKR & Co. Inc. by 3.0% during the 3rd 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 period. Finally, SteelPeak Wealth LLC grew its position in KKR & Co. Inc. by 4.2% in the 3rd quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager's stock valued at $321,000 after acquiring an additional 99 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an "outperform" rating for the company in a research note on Friday, February 6th. 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. TD Cowen downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and cut their target price for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $151.80.

Insider Activity

In other news, CEO Joseph Y. Bae purchased 125,000 shares of the firm'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 completion of the purchase, the chief executive officer directly owned 509,257 shares of the company's stock, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matt Cohler purchased 43,872 shares of the 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 acquisition, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 393,872 shares of company stock valued at $40,090,679 over the last three months. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $85.97 on Friday. 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 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 stock's 50-day moving average is $109.11 and its two-hundred day moving average is $122.01. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.'s dividend payout ratio is presently 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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