Moore Capital Management LP Boosts Stock Position in KKR & Co. Inc. $KKR

Key Points

• Moore Capital Management increased its stake in KKR by 20.0% in Q3 to 335,040 shares, worth about $43.54 million after buying an additional 55,840 shares.
• Major insider buying—CEO Joseph Y. Bae purchased 125,000 shares (~$12.8M) and director Matt Cohler bought 43,872 shares; insiders acquired 393,872 shares (~$40.09M) in the last 90 days and now own 23.2% of the company.
• Analysts maintain a consensus "Moderate Buy" with a $151.80 average price target, well above the recent trading level (~$86), while KKR pays a $0.185 quarterly dividend (0.9% yield) and has a 52‑week range of $82.67–$153.87.

Moore Capital Management LP raised its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,040 shares of the asset manager's stock after buying an additional 55,840 shares during the period. Moore Capital Management LP's holdings in KKR & Co. Inc. were worth $43,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,094 shares of the asset manager's stock worth $1,702,000 after acquiring an additional 118 shares in the last quarter. Larson Financial Group LLC raised its position in shares of KKR & Co. Inc. by 2.0% during the 3rd quarter. Larson Financial Group LLC now owns 38,983 shares of the asset manager's stock worth $5,066,000 after acquiring an additional 777 shares in the last quarter. Lighthouse Investment Partners LLC lifted its stake in KKR & Co. Inc. by 146.4% during the third quarter. Lighthouse Investment Partners LLC now owns 94,661 shares of the asset manager's stock worth $12,301,000 after purchasing an additional 56,244 shares during the last quarter. JPL Wealth Management LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $62,000. Finally, Hudson Way Capital Management LLC boosted its holdings in KKR & Co. Inc. by 19.3% in the third quarter. Hudson Way Capital Management LLC now owns 1,402,895 shares of the asset manager's stock valued at $182,306,000 after purchasing an additional 226,727 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joseph Y. Bae acquired 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matt Cohler acquired 43,872 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the transaction, the director owned 45,477 shares in the company, valued at $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen lowered shares of 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 note on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an "outperform" rating and a $137.00 price objective for the company. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price for the company in a report on Wednesday, January 28th. Barclays cut their price target on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday, March 2nd. Finally, UBS Group reduced their price target on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and a consensus price target of $151.80.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $86.13 on Tuesday. The stock's 50-day moving average price is $108.14 and its 200 day moving average price is $121.37. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $76.79 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 0.63 and a beta of 2.01. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.'s payout ratio is presently 31.62%.

KKR & Co. Inc. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.