KKR & Co. Inc. $KKR Shares Sold by Keybank National Association OH

Key Points

• Keybank National Association OH cut its KKR stake by 51.4% in Q4, selling 15,683 shares and retaining 14,839 shares valued at $1.892 million per its latest 13F filing.
• Company insiders made large buys on Feb. 17 — CEO Joseph Y. Bae purchased 125,000 shares and Director Matt Cohler bought 43,872 shares — with insiders acquiring 393,872 shares (~$40.09M) in the last three months and now owning 23.20% of the stock.
• KKR trades with a market cap of $92.46B and a P/E of 44.32, reported $1.24 EPS on $5.74B revenue last quarter, pays a $0.185 quarterly dividend (0.7% yield), and carries a consensus analyst rating of “Moderate Buy” with an average price target of $137.20.

Keybank National Association OH lowered its stake in KKR & Co. Inc. (NYSE:KKR - Free Report) by 51.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,839 shares of the asset manager's stock after selling 15,683 shares during the period. Keybank National Association OH's holdings in KKR & Co. Inc. were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KKR. Covenant Asset Management LLC raised 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 valued at $3,876,000 after acquiring an additional 27,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $170,736,000 after acquiring an additional 65,178 shares during the period. Cumberland Partners Ltd raised its position 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 valued at $3,352,000 after acquiring an additional 22,976 shares during the period. Banco Santander S.A. raised its position in shares of KKR & Co. Inc. by 5,405.9% in the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager's stock valued at $18,839,000 after acquiring an additional 142,337 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its position in shares of KKR & Co. Inc. by 63.2% in 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 acquiring an additional 38,322 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $103.70 on Friday. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 0.90 and a beta of 1.85. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company's fifty day simple moving average is $94.21 and its 200 day simple moving average is $112.23. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69.

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 for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. On average, research analysts forecast that KKR & Co. Inc. will post 5.45 earnings per share for the current fiscal year.

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 issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.'s payout ratio is presently 31.62%.

Insider Activity at KKR & Co. Inc.

In related news, Director Matt Cohler acquired 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Y. Bae acquired 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares of the company's stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 393,872 shares of company stock valued at $40,090,679. 23.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KKR. Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an "outperform" rating and a $137.00 price target on the stock. Barclays lowered their target price on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a research note on Monday, March 2nd. Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating for the company in a research note on Monday, April 13th. Wall Street Zen raised shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. 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. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.20.

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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