Aquatic Capital Management LLC Has $11.92 Million Position in KKR & Co. Inc. $KKR

Aquatic Capital Management LLC grew its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 1,033.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,728 shares of the asset manager’s stock after acquiring an additional 83,638 shares during the period. Aquatic Capital Management LLC’s holdings in KKR & Co. Inc. were worth $11,920,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the second quarter worth $1,530,419,000. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at about $535,907,000. Viking Global Investors LP purchased a new position in KKR & Co. Inc. in the third quarter valued at about $352,038,000. Close Asset Management Ltd increased its position in KKR & Co. Inc. by 4,155.1% in the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after purchasing an additional 1,479,688 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake 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 purchasing an additional 1,132,046 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KKR. Barclays reduced their price target 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. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, Oppenheimer decreased their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.80.

Insider Buying and Selling

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

KKR & Co. Inc. Stock Performance

KKR opened at $85.97 on Monday. 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 company has a market cap of $76.65 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 0.63 and a beta of 2.01. The stock has a 50-day moving average of $109.11 and a 200-day moving average of $121.75. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given 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 yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio 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.