PFA Pension Forsikringsaktieselskab Takes Position in KKR & Co. Inc. $KKR

Key Points

• PFA Pension bought a new stake of 145,125 KKR shares in Q4 valued at about $18.67 million, as institutional investors now own 76.26% of the stock.
• Company insiders have been buying significantly: CEOs Scott C. Nuttall and Joseph Y. Bae each purchased 125,000 shares on Feb. 17, and insiders acquired 393,872 shares (~$40.09 million) in the last 90 days (insider ownership 23.20%).
• KKR trades near $103.70 with a market cap of ~$92.5B, a P/E of 44.3 and a 52-week range of $82.67–$153.87; analysts give an average "Moderate Buy" rating and $137.20 target, though several firms recently cut price targets and ratings.

PFA Pension Forsikringsaktieselskab bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 145,125 shares of the asset manager's stock, valued at approximately $18,669,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KKR. Brighton Jones LLC boosted its position in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. Sivia Capital Partners LLC boosted its position in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock valued at $273,000 after acquiring an additional 237 shares during the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of KKR & Co. Inc. during the 2nd quarter valued at approximately $4,826,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $103.70 on Monday. The stock's fifty day moving average is $94.21 and its 200 day moving average is $112.13. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The firm has a market capitalization of $92.46 billion, a PE ratio of 44.32, a PEG ratio of 0.90 and a beta of 1.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.The company had revenue of $5.74 billion for the quarter. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.45 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.'s dividend payout ratio is presently 31.62%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Y. Bae bought 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the purchase, 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have 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

A number of research analysts have recently commented on the company. Oppenheimer lowered their target price on KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. Zacks Research downgraded KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. TD Cowen lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and decreased their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Piper Sandler decreased their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an "overweight" rating on the stock in a report on Tuesday, April 7th. Finally, Morgan Stanley decreased their price target on KKR & Co. Inc. from $177.00 to $153.00 and set an "overweight" rating on the stock in a 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Moderate Buy" and an average price target 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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