Leo Wealth LLC Boosts Holdings in KKR & Co. Inc. $KKR

Leo Wealth LLC increased its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 473.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,922 shares of the asset manager’s stock after acquiring an additional 10,668 shares during the quarter. Leo Wealth LLC’s holdings in KKR & Co. Inc. were worth $1,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter worth about $26,000. Asset Dedication LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $26,000. GGM Financials LLC purchased a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its position in shares of KKR & Co. Inc. by 2,150.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $33,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on KKR. UBS Group cut their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. 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 report on Monday, March 2nd. BMO Capital Markets cut their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Finally, Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.79.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $91.38 on Monday. The stock has a market capitalization of $81.47 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock’s 50-day moving average price is $97.12 and its 200 day moving average price is $116.47. 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. Announces Dividend

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

Insider Buying and Selling

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

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.