KKR & Co. Inc. $KKR Shares Bought by Leo Wealth LLC

Leo Wealth LLC grew its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 473.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,922 shares of the asset manager’s stock after purchasing an additional 10,668 shares during the period. Leo Wealth LLC’s holdings in KKR & Co. Inc. were worth $1,647,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TOWER TRUST & INVESTMENT Co boosted its stake in shares of KKR & Co. Inc. by 33.6% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 9,672 shares of the asset manager’s stock valued at $1,233,000 after purchasing an additional 2,432 shares during the period. Florida Trust Wealth Management Co increased its stake in KKR & Co. Inc. by 22.0% during the 4th quarter. Florida Trust Wealth Management Co now owns 25,287 shares of the asset manager’s stock worth $3,224,000 after buying an additional 4,556 shares during the period. Signaturefd LLC increased its stake in KKR & Co. Inc. by 7.5% during the 4th quarter. Signaturefd LLC now owns 9,322 shares of the asset manager’s stock worth $1,188,000 after buying an additional 653 shares during the period. Sovran Advisors LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $222,000. Finally, Savvy Advisors Inc. lifted its holdings in KKR & Co. Inc. by 12.4% during the 4th quarter. Savvy Advisors Inc. now owns 2,812 shares of the asset manager’s stock worth $358,000 after buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on KKR shares. BMO Capital Markets dropped their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. TD Cowen cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada assumed coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target on the stock. Finally, Barclays reduced 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. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.79.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $91.38 on Monday. The company has a market cap of $81.47 billion, a P/E ratio of 39.05, a PEG ratio of 0.67 and a beta of 1.93. The firm has a fifty day moving average price of $97.12 and a 200 day moving average price of $116.47. 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. has a 12 month low of $82.67 and a 12 month high of $153.87.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is currently 31.62%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Matt Cohler bought 43,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares in the company, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott C. Nuttall purchased 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 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.