Avior Wealth Management LLC Takes $1.29 Million Position in KKR & Co. Inc. $KKR

Avior Wealth Management LLC bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,087 shares of the asset manager’s stock, valued at approximately $1,286,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canal Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 8.9% in the fourth quarter. Canal Capital Management LLC now owns 45,753 shares of the asset manager’s stock valued at $5,833,000 after purchasing an additional 3,734 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of KKR & Co. Inc. by 6.1% during the fourth quarter. Park Avenue Securities LLC now owns 29,006 shares of the asset manager’s stock worth $3,698,000 after purchasing an additional 1,655 shares during the period. Boltwood Capital Management purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $278,000. Allworth Financial LP increased its holdings in KKR & Co. Inc. by 6.5% in the 3rd quarter. Allworth Financial LP now owns 6,831 shares of the asset manager’s stock worth $888,000 after buying an additional 416 shares during the period. Finally, IFP Advisors Inc increased its holdings in KKR & Co. Inc. by 1.7% in the 3rd quarter. IFP Advisors Inc now owns 41,364 shares of the asset manager’s stock worth $5,477,000 after buying an additional 685 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group decreased 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 research note on Friday, February 20th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their target price for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada initiated coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target on the stock. Finally, Barclays cut their price target 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $151.80.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer owned 509,257 shares of the company’s stock, valued at $52,040,972.83. The trade was a 32.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott C. Nuttall acquired 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the purchase, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This represents a 0.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 393,872 shares of company stock valued at $40,090,679. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Trading Down 0.6%

KKR stock opened at $90.02 on Friday. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The business’s 50-day moving average is $104.65 and its 200 day moving average is $120.12. 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 has a market cap of $80.25 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 0.66 and a beta of 2.01.

KKR & Co. Inc. Dividend Announcement

The company also recently declared 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 of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is currently 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.