KKR & Co. Inc. $KKR Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard increased its stake in KKR by 1.4% in Q4 to 60,064,587 shares, representing a 6.74% ownership stake valued at about $7.657 billion.
• Company insiders have been buying: CEO Scott C. Nuttall bought 125,000 shares at $102.66 and Director Timothy R. Barakett bought 50,000 shares at $94.47, with insiders purchasing 393,872 shares (~$40.09M) in the past 90 days and owning 23.20% of the stock.
• KKR trades around $101.87 with a market cap of $90.82 billion and a P/E of 43.53, a $0.185 quarterly dividend (0.7% yield), a 12‑month range of $82.67–$153.87, and an analyst consensus of "Moderate Buy" with an average target of $137.20.

Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,064,587 shares of the asset manager's stock after purchasing an additional 821,739 shares during the period. Vanguard Group Inc. owned 6.74% of KKR & Co. Inc. worth $7,657,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KKR. Concurrent Investment Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 125.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager's stock worth $2,515,000 after buying an additional 10,982 shares during the period. Citizens & Northern Corp acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $1,806,000. Diversified Enterprises LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $211,000. Chicago Partners Investment Group LLC raised its stake in KKR & Co. Inc. by 6.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 75,270 shares of the asset manager's stock valued at $9,126,000 after acquiring an additional 4,464 shares during the last quarter. Finally, Quent Long Short Global Small Cap Fund LP acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $379,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $101.87 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The business's 50 day moving average is $94.28 and its two-hundred day moving average is $112.71. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The stock has a market capitalization of $90.82 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 0.89 and a beta of 1.93.

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 business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%. Research analysts expect that KKR & Co. Inc. will post 5.45 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders 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 annualized dividend and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is presently 31.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KKR. UBS Group lowered their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, February 20th. Wall Street Zen raised KKR & Co. Inc. from a "sell" rating to a "hold" rating in a report on Sunday, January 25th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday, April 13th. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Finally, Morgan Stanley cut their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an "overweight" rating for the company in a research report on Tuesday, April 21st. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $137.20.

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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