KKR & Co. Inc. $KKR Shares Sold by Akre Capital Management LLC

Key Points

• Akre Capital Management trimmed its KKR stake by 1.5%, selling 134,300 shares to hold 8,713,264 shares worth about $1.13 billion, making KKR its third‑largest holding at 11.3% of the portfolio.
• Company insiders have been buying aggressively — Timothy R. Barakett bought 50,000 shares at $94.47 and Matt Cohler bought 43,872 at $102.90, with insiders acquiring 393,872 shares (~$40.1M) over the past 90 days and now owning 23.2% of the stock.
• KKR shares opened at $83.90 (near the 52‑week low of $82.67), the firm pays a $0.185 quarterly dividend (0.9% yield), and analysts' consensus is a "Moderate Buy" with an average target of $151.80.

Akre Capital Management LLC lowered its holdings in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,713,264 shares of the asset manager's stock after selling 134,300 shares during the period. KKR & Co. Inc. comprises 11.3% of Akre Capital Management LLC's portfolio, making the stock its 3rd largest holding. Akre Capital Management LLC owned approximately 0.98% of KKR & Co. Inc. worth $1,132,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. in the third quarter worth about $26,000. GGM Financials LLC bought a new position in KKR & Co. Inc. during the third quarter worth about $27,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the second quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its stake in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager's stock valued at $29,000 after purchasing an additional 215 shares during the period. Finally, Pineridge Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $31,000. Institutional investors own 76.26% of the company's stock.

Insiders Place Their Bets

In related news, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, 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. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Matt Cohler acquired 43,872 shares of the firm's stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the acquisition, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 393,872 shares of company stock valued at $40,090,679. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Trading Down 3.7%

Shares of KKR opened at $83.90 on Friday. 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 company has a market cap of $74.80 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 0.63 and a beta of 2.01. The stock has a fifty day moving average price of $109.96 and a two-hundred day moving average price of $122.38. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on KKR. Barclays cut their target price 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. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price target on the stock in a research report on Wednesday, January 28th. TD Cowen lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Wall Street Zen raised KKR & Co. Inc. from a "sell" rating to a "hold" rating in a report on Sunday, January 25th. Finally, UBS Group reduced their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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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