KKR & Co. Inc. $KKR Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 333,957 shares of the asset manager’s stock after buying an additional 66,809 shares during the period. Pictet Asset Management Holding SA’s holdings in KKR & Co. Inc. were worth $42,577,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. SteelPeak Wealth LLC grew its holdings in KKR & Co. Inc. by 3.2% during 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. boosted its position in KKR & Co. Inc. by 1.5% in the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after buying an additional 82 shares during the last quarter. Modera Wealth Management LLC grew its stake in shares of KKR & Co. Inc. by 4.9% during the fourth 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 grew its stake in shares of KKR & Co. Inc. by 9.1% during the fourth 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 increased 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 worth $414,000 after acquiring an additional 92 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on KKR shares. BMO Capital Markets reduced their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Piper Sandler reduced their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. The Goldman Sachs Group decreased their price target on shares of 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. Finally, UBS Group dropped 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 note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Buying and Selling

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the transaction, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were 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 represents a 0.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 393,872 shares of company stock valued at $40,090,679. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Down 2.1%

KKR stock opened at $99.26 on Thursday. The firm has a fifty day moving average price of $94.15 and a two-hundred day moving average price of $112.34. 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 1-year low of $82.67 and a 1-year high of $153.87. The firm has a market cap of $88.49 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 0.88 and a beta of 1.93.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The firm had revenue of $5.74 billion for the quarter. Research analysts predict that KKR & Co. Inc. will post 5.45 EPS for the current year.

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 paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

About KKR & Co. Inc.

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.