FSA Advisors Inc. Buys Shares of 10,060 KKR & Co. Inc. $KKR

FSA Advisors Inc. bought a new stake in shares of KKR & Co. Inc. (NYSE:KKR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,060 shares of the asset manager’s stock, valued at approximately $1,282,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $218,000. Sivia Capital Partners LLC raised its stake in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after buying an additional 237 shares in the last quarter. United Bank bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth $4,826,000. Institutional investors own 76.26% of the company’s stock.

Insider Buying and Selling

In other KKR & Co. Inc. news, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This represents a 32.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matt Cohler purchased 43,872 shares of the stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the acquisition, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This represents a 2,733.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 393,872 shares of company stock valued at $40,090,679 over the last ninety days. 23.20% of the stock is currently owned by company insiders.

KKR & Co. Inc. Stock Up 0.0%

Shares of KKR & Co. Inc. stock opened at $103.70 on Monday. The stock’s fifty day moving average is $94.21 and its 200-day moving average is $112.13. The firm has a market capitalization of $92.46 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a quick ratio of 0.07, a current 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. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%. Equities analysts anticipate that KKR & Co. Inc. will post 5.45 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced 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. 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 0.7%. KKR & Co. Inc.’s payout ratio is 31.62%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KKR shares. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Zacks Research downgraded KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Finally, Piper Sandler cut their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.