TD Waterhouse Canada Inc. Trims Stake in KKR & Co. Inc. $KKR

TD Waterhouse Canada Inc. reduced its position in KKR & Co. Inc. (NYSE:KKR) by 28.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,884 shares of the asset manager’s stock after selling 14,468 shares during the period. TD Waterhouse Canada Inc.’s holdings in KKR & Co. Inc. were worth $4,701,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC lifted its stake in shares of KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares during the last quarter. Diversified Trust Co. grew its stake in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 82 shares during the last quarter. Modera Wealth Management LLC grew its stake in KKR & Co. Inc. by 4.9% in the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 84 shares during the last quarter. Sound Income Strategies LLC raised its holdings in KKR & Co. Inc. by 9.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after purchasing an additional 90 shares in the last quarter. Finally, Cornerstone Advisory LLC lifted its position in shares of KKR & Co. Inc. by 3.0% during the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after buying an additional 92 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the subject of a number of analyst reports. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their target price for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target on the stock. Zacks Research lowered KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Oppenheimer lowered their price objective 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. Finally, BMO Capital Markets reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae acquired 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the purchase, the chief executive officer owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Barakett purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price 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 SEC filing for this purchase provides additional information. Insiders have purchased a total of 393,872 shares of company stock valued at $40,090,679 in the last 90 days. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 0.6%

KKR stock opened at $104.56 on Wednesday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. 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 firm has a market cap of $93.22 billion, a P/E ratio of 44.68, a PEG ratio of 0.82 and a beta of 1.93. The company’s 50-day simple moving average is $94.25 and its 200-day simple moving average is $113.18.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid 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 payout ratio is 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.