KKR & Co. Inc. $KKR Shares Sold by Sumitomo Mitsui Trust Group Inc.
by Teresa Graham · The Cerbat GemSumitomo Mitsui Trust Group Inc. trimmed its holdings in KKR & Co. Inc. (NYSE:KKR – Free Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,389,553 shares of the asset manager’s stock after selling 50,097 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in KKR & Co. Inc. were worth $177,140,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. SteelPeak Wealth LLC raised its position in shares of KKR & Co. Inc. by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after purchasing an additional 80 shares in the last quarter. Diversified Trust Co. raised its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 82 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after acquiring an additional 84 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of KKR & Co. Inc. by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 90 shares in the last quarter. Finally, Cornerstone Advisory LLC raised its position in shares of KKR & Co. Inc. by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after acquiring an additional 92 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Timothy R. Barakett bought 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the transaction, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 393,872 shares of company stock valued at $40,090,679 over the last three months. Corporate insiders own 23.20% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KKR. TD Cowen lowered 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. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. UBS Group dropped their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. BMO Capital Markets dropped their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Finally, The Goldman Sachs Group dropped their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.20.
View Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Price Performance
Shares of NYSE KKR opened at $91.31 on Monday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The business’s fifty day moving average price is $94.70 and its two-hundred day moving average price is $114.56. The firm has a market capitalization of $81.41 billion, a PE ratio of 39.02, a P/E/G ratio of 0.75 and a beta of 1.93.
KKR & Co. Inc. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 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.
Read More
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KKR & Co. Inc. (NYSE:KKR – Free Report).