Banque Transatlantique SA Has $1.53 Million Stock Position in KKR & Co. Inc. $KKR

Banque Transatlantique SA lessened its holdings in KKR & Co. Inc. (NYSE:KKR) by 40.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the asset manager’s stock after selling 8,000 shares during the period. Banque Transatlantique SA’s holdings in KKR & Co. Inc. were worth $1,531,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in KKR & Co. Inc. during the second quarter worth approximately $1,530,419,000. Strive Asset Management LLC bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $535,907,000. Close Asset Management Ltd lifted its stake in shares of KKR & Co. Inc. by 4,155.1% in the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after buying an additional 1,479,688 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of KKR & Co. Inc. by 454.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,381,342 shares of the asset manager’s stock worth $183,760,000 after buying an additional 1,132,046 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 58,656,955 shares of the asset manager’s stock worth $7,803,135,000 after buying an additional 1,099,263 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 2.5%

NYSE KKR opened at $85.97 on Friday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year 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. The stock’s 50 day moving average is $109.11 and its two-hundred day moving average is $122.01. The company has a market capitalization of $76.65 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 0.61 and a beta of 2.01.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group decreased their target price on 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. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their target price for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Oppenheimer dropped their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average target price of $151.80.

Insider Activity

In other news, Director Matt Cohler purchased 43,872 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the acquisition, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price 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 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 worth $40,090,679 over the last 90 days. 23.20% of the stock is currently owned by company insiders.

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.