Brookstone Capital Management Increases Holdings in KKR & Co. Inc. $KKR

Brookstone Capital Management raised its holdings in KKR & Co. Inc. (NYSE:KKR) by 26.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,779 shares of the asset manager’s stock after acquiring an additional 26,401 shares during the period. Brookstone Capital Management’s holdings in KKR & Co. Inc. were worth $16,034,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacific Capital Partners Ltd increased its position in shares of KKR & Co. Inc. by 186.7% in the fourth quarter. Pacific Capital Partners Ltd now owns 10,750 shares of the asset manager’s stock valued at $1,370,000 after acquiring an additional 7,000 shares during the period. Wealth Quarterback LLC grew its position in shares of KKR & Co. Inc. by 16.1% in the 4th quarter. Wealth Quarterback LLC now owns 3,297 shares of the asset manager’s stock worth $420,000 after buying an additional 457 shares during the period. Cooper Investors PTY Ltd. bought a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $3,532,000. AA Financial Advisors LLC lifted its position in KKR & Co. Inc. by 5.3% during the 4th quarter. AA Financial Advisors LLC now owns 3,005 shares of the asset manager’s stock valued at $383,000 after acquiring an additional 152 shares during the period. Finally, Lantz Financial LLC boosted its stake in KKR & Co. Inc. by 20.1% during the fourth quarter. Lantz Financial LLC now owns 2,121 shares of the asset manager’s stock worth $270,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $90.47 on Tuesday. 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 firm has a market capitalization of $80.66 billion, a P/E ratio of 38.66, a P/E/G ratio of 0.65 and a beta of 2.01. The stock has a 50 day moving average price of $99.62 and a 200 day moving average price of $117.95. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

KKR has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective for the company. Barclays lowered their target price on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. 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. Finally, UBS Group lowered their price objective on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.00.

Insiders Place Their Bets

In other news, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the acquisition, 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. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matt Cohler bought 43,872 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the transaction, the director 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 393,872 shares of company stock valued at $40,090,679 in the last 90 days. Corporate insiders own 23.20% of the company’s stock.

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.