Capital International Sarl Sells 18,702 Shares of KKR & Co. Inc. $KKR

Capital International Sarl cut its stake in KKR & Co. Inc. (NYSE:KKR) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,851 shares of the asset manager’s stock after selling 18,702 shares during the quarter. Capital International Sarl’s holdings in KKR & Co. Inc. were worth $5,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KKR. Brighton Jones LLC lifted its position in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $218,000. Sivia Capital Partners LLC grew its position in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares in the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $769,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of KKR & Co. Inc. by 83.2% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,397 shares of the asset manager’s stock worth $2,048,000 after purchasing an additional 6,991 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Insiders Place Their Bets

In other KKR & Co. Inc. news, CEO Joseph Y. Bae bought 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Scott C. Nuttall bought 125,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $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 ninety days, insiders acquired 393,872 shares of company stock valued at $40,090,679. 23.20% of the stock is owned by corporate insiders.

KKR & Co. Inc. Stock Down 1.1%

Shares of KKR opened at $89.96 on Wednesday. The firm has a 50 day simple moving average of $111.64 and a two-hundred day simple moving average of $122.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a one year low of $84.52 and a one year high of $153.87. The company has a market cap of $80.20 billion, a P/E ratio of 38.44, a P/E/G ratio of 0.65 and a beta of 2.01.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the business posted $1.32 EPS. The company’s revenue for the quarter was up 76.1% compared to the same quarter last year. Research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors 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 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KKR shares. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Wednesday, January 28th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Oppenheimer cut their target price on 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. TD Cowen lowered 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. Finally, Barclays dropped their price target on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.80.

KKR & Co. Inc. 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.