Brookstone Capital Management Grows Stake in KKR & Co. Inc. $KKR

Brookstone Capital Management lifted its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,779 shares of the asset manager’s stock after buying an additional 26,401 shares during the period. Brookstone Capital Management’s holdings in KKR & Co. Inc. were worth $16,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $26,000. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. lifted its position in KKR & Co. Inc. by 2,150.0% during the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective on the stock. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group lowered 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. 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 report on Friday, February 6th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, January 28th. One 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

KKR & Co. Inc. Stock Up 2.2%

KKR stock opened at $90.47 on Tuesday. The stock has a market capitalization of $80.66 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 0.65 and a beta of 2.01. The company has a 50-day moving average of $99.62 and a two-hundred day moving average of $117.95. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

Insiders Place Their Bets

In other news, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director owned 285,000 shares of the company’s stock, 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 SEC, which is available at the SEC website. Also, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction dated 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 acquisition, the director owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 393,872 shares of company stock valued at $40,090,679 in the last 90 days. Insiders own 23.20% of the company’s stock.

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.