Fieldview Capital Management LLC Sells 22,946 Shares of KKR & Co. Inc. $KKR

Fieldview Capital Management LLC cut its stake in KKR & Co. Inc. (NYSE:KKR) by 88.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,899 shares of the asset manager’s stock after selling 22,946 shares during the period. Fieldview Capital Management LLC’s holdings in KKR & Co. Inc. were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KKR. WINTON GROUP Ltd raised its position in KKR & Co. Inc. by 235.5% in the 3rd quarter. WINTON GROUP Ltd now owns 26,130 shares of the asset manager’s stock worth $3,396,000 after purchasing an additional 18,342 shares during the last quarter. Schroder Investment Management Group lifted its holdings in KKR & Co. Inc. by 52.1% during the 3rd quarter. Schroder Investment Management Group now owns 235,295 shares of the asset manager’s stock worth $31,642,000 after buying an additional 80,639 shares in the last quarter. Fort Sheridan Advisors LLC boosted its position in KKR & Co. Inc. by 9.3% in the 3rd quarter. Fort Sheridan Advisors LLC now owns 4,295 shares of the asset manager’s stock valued at $558,000 after buying an additional 366 shares during the last quarter. Diversify Advisory Services LLC boosted its position in KKR & Co. Inc. by 36.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 6,361 shares of the asset manager’s stock valued at $827,000 after buying an additional 1,698 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG increased its stake in shares of KKR & Co. Inc. by 63.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock valued at $12,862,000 after buying an additional 38,322 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR stock opened at $89.96 on Wednesday. KKR & Co. Inc. has a twelve month low of $84.52 and a twelve month 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 company has a market cap of $80.20 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 0.65 and a beta of 2.01. The business’s fifty day moving average is $111.64 and its 200-day moving average is $122.90.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The company had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.The firm’s revenue for the quarter was up 76.1% on a year-over-year basis. During the same period last year, the firm earned $1.32 earnings per share. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KKR shares. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. UBS Group lowered their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Barclays dropped their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, HSBC raised 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 research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.80.

Insider Buying and Selling

In related news, Director Matt Cohler purchased 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. The trade was a 2,733.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Scott C. Nuttall purchased 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price 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 in the company, 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 have purchased a total of 393,872 shares of company stock valued at $40,090,679 over the last 90 days. 23.20% of the stock is owned by corporate insiders.

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.