Assenagon Asset Management S.A. Sells 216,299 Shares of KKR & Co. Inc. $KKR

Assenagon Asset Management S.A. lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 25.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 638,563 shares of the asset manager’s stock after selling 216,299 shares during the period. Assenagon Asset Management S.A. owned 0.07% of KKR & Co. Inc. worth $81,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Covenant Asset Management LLC raised its stake in KKR & Co. Inc. by 1,424.8% during the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after buying an additional 27,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in KKR & Co. Inc. by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock worth $170,736,000 after acquiring an additional 65,178 shares in the last quarter. Cumberland Partners Ltd grew its stake in KKR & Co. Inc. by 816.2% in the third quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock valued at $3,352,000 after acquiring an additional 22,976 shares during the period. Banco Santander S.A. grew its stake in KKR & Co. Inc. by 5,405.9% in the third quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock valued at $18,839,000 after acquiring an additional 142,337 shares during the period. Finally, Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 1.0% in the third quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock valued at $7,698,608,000 after acquiring an additional 585,893 shares during the period. 76.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Joseph Y. Bae bought 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott C. Nuttall purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased 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 represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 393,872 shares of company stock worth $40,090,679. Company insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Up 0.1%

NYSE KKR opened at $90.93 on Wednesday. The firm has a market capitalization of $81.07 billion, a P/E ratio of 38.86, a PEG ratio of 0.67 and a beta of 2.01. The business has a fifty day simple moving average of $103.00 and a 200 day simple moving average of $119.38. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 31.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Oppenheimer lowered their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective on the stock. Finally, UBS Group reduced their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

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.