27,703 Shares in KKR & Co. Inc. $KKR Acquired by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,703 shares of the asset manager’s stock, valued at approximately $3,532,000. KKR & Co. Inc. accounts for approximately 1.2% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC lifted its position in shares of KKR & Co. Inc. by 3.5% during the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares during the period. Diversified Trust Co. increased its position in shares of KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares during the period. Cornerstone Advisory LLC raised its stake in KKR & Co. Inc. by 3.0% in the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after purchasing an additional 92 shares in the last quarter. SteelPeak Wealth LLC raised its stake in KKR & Co. Inc. by 4.2% in the third quarter. SteelPeak Wealth LLC now owns 2,469 shares of the asset manager’s stock valued at $321,000 after purchasing an additional 99 shares in the last quarter. Finally, Avalon Trust Co lifted its position in KKR & Co. Inc. by 0.8% during the third quarter. Avalon Trust Co now owns 11,909 shares of the asset manager’s stock worth $1,548,000 after purchasing an additional 99 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KKR. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Barclays reduced 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 report on Monday, March 2nd. BMO Capital Markets decreased their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada began 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $149.00.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the purchase, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matt Cohler acquired 43,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the acquisition, 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. The SEC filing for this purchase provides additional information. Insiders have acquired 393,872 shares of company stock valued at $40,090,679 in the last quarter. 23.20% of the stock is owned by company insiders.

KKR & Co. Inc. Stock Down 0.0%

Shares of NYSE KKR opened at $88.49 on Monday. The company has a market cap of $78.89 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 0.65 and a beta of 2.01. 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. has a 12 month low of $82.67 and a 12 month high of $153.87. The stock has a 50-day moving average price of $100.45 and a two-hundred day moving average price of $118.34.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

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.