KKR & Co. Inc. $KKR Shares Sold by Ossiam

Key Points

• Ossiam cut its stake in KKR by 28.8% in Q3, selling 61,989 shares and ending the period with 152,929 shares worth about $19.87 million.
• Senior insiders boosted holdings: co-CEOs Joseph Y. Bae and Scott C. Nuttall each bought 125,000 shares on Feb. 17 at ~ $102 per share, part of 393,872 insider shares acquired over the past 90 days (insiders own 23.2%).
• Analyst split but overall positive: the stock has a MarketBeat consensus of "Moderate Buy" with an average price target of $151.80 despite several recent downgrades and lower price targets from some brokerages.

Ossiam cut its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 28.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,929 shares of the asset manager's stock after selling 61,989 shares during the quarter. Ossiam's holdings in KKR & Co. Inc. were worth $19,873,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KKR. Southeast Asset Advisors LLC grew its position in KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager's stock worth $2,983,000 after purchasing an additional 68 shares during the last quarter. Berbice Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 3.5% in the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager's stock valued at $293,000 after buying an additional 75 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager's stock valued at $317,000 after buying an additional 84 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in shares of KKR & Co. Inc. by 3.0% during the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager's stock worth $414,000 after buying an additional 92 shares during the period. Finally, SteelPeak Wealth LLC grew its holdings in shares of KKR & Co. Inc. by 4.2% during the third quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager's stock worth $321,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KKR. TD Cowen cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and dropped their price target for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Oppenheimer decreased their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price on the stock in a research note on Wednesday, January 28th. UBS Group dropped their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Finally, Barclays decreased their price target on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, March 2nd. Two investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $151.80.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $85.97 on Friday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The company has a 50-day moving average price of $109.11 and a 200 day moving average price of $122.01. The company has a market cap of $76.65 billion, a P/E ratio of 36.74, a PEG ratio of 0.61 and a beta of 2.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Joseph Y. Bae acquired 125,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott C. Nuttall bought 125,000 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer owned 15,503,748 shares of the company's stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 393,872 shares of company stock valued at $40,090,679 over the last 90 days. 23.20% of the stock is owned by corporate insiders.

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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