27,703 Shares in KKR & Co. Inc. $KKR Purchased by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. bought a new stake in KKR & Co. Inc. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,703 shares of the asset manager’s stock, valued at approximately $3,532,000. KKR & Co. Inc. makes up 1.2% of Cooper Investors PTY Ltd.’s holdings, making the stock its 27th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. during the third quarter worth approximately $26,000. Asset Dedication LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $26,000. GGM Financials LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its stake in shares of KKR & Co. Inc. by 2,150.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after acquiring an additional 215 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $33,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $88.49 on Monday. The stock has a 50 day simple moving average of $100.45 and a 200 day simple moving average of $118.34. The stock has a market cap of $78.89 billion, a P/E ratio of 37.82, a PEG ratio of 0.65 and a beta of 2.01. 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.

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 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 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KKR shares. 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 note on Friday, February 6th. Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price objective for the company. Barclays decreased their price objective on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. UBS Group cut their target price 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. Finally, TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the purchase, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 393,872 shares of company stock worth $40,090,679. Insiders own 23.20% of the company’s stock.

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.