Caisse Des Depots ET Consignations Sells 38,402 Shares of KKR & Co. Inc. $KKR

Caisse Des Depots ET Consignations lowered its stake in KKR & Co. Inc. (NYSE:KKR) by 90.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,917 shares of the asset manager’s stock after selling 38,402 shares during the period. Caisse Des Depots ET Consignations’ holdings in KKR & Co. Inc. were worth $499,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $26,000. Asset Dedication LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $27,000. Richardson Financial Services Inc. boosted its holdings in shares of KKR & Co. Inc. by 2,150.0% during the 3rd 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 bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $33,000. Institutional investors own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KKR shares. BMO Capital Markets dropped their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Morgan Stanley dropped their target price on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group lowered their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Insiders Place Their Bets

In other news, CEO Scott C. Nuttall purchased 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the purchase, the chief executive officer directly owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 393,872 shares of company stock worth $40,090,679 in the last 90 days. Corporate insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $103.70 on Friday. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The business has a 50-day simple moving average of $94.21 and a two-hundred day simple moving average of $112.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $92.46 billion, a price-to-earnings ratio of 44.32, a price-to-earnings-growth ratio of 0.91 and a beta of 1.85.

KKR & Co. Inc. (NYSE:KKR) last issued its 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 business had revenue of $5.74 billion during the quarter. On average, analysts expect that KKR & Co. Inc. will post 5.45 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s payout ratio is 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.