US Bancorp DE Purchases 5,211 Shares of KKR & Co. Inc. $KKR

US Bancorp DE boosted its position in KKR & Co. Inc. (NYSE:KKR) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 64,171 shares of the asset manager’s stock after purchasing an additional 5,211 shares during the period. US Bancorp DE’s holdings in KKR & Co. Inc. were worth $8,181,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in KKR & Co. Inc. by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock valued at $7,657,034,000 after acquiring an additional 821,739 shares during the last quarter. Legal & General Group Plc boosted its stake in KKR & Co. Inc. by 1.4% in the third quarter. Legal & General Group Plc now owns 4,642,005 shares of the asset manager’s stock valued at $603,229,000 after acquiring an additional 65,695 shares during the last quarter. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. in the third quarter valued at about $535,907,000. Viking Global Investors LP purchased a new position in KKR & Co. Inc. in the third quarter valued at about $352,038,000. Finally, CI Investments Inc. boosted its stake in KKR & Co. Inc. by 11.5% in the third quarter. CI Investments Inc. now owns 1,745,345 shares of the asset manager’s stock valued at $226,808,000 after acquiring an additional 179,793 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KKR has been the topic of a number of research analyst reports. Piper Sandler dropped their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Barclays dropped 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. BMO Capital Markets dropped 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 research note on Tuesday, March 24th. Finally, UBS Group dropped their price target 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 investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Activity at KKR & Co. Inc.

In related news, Director Matt Cohler purchased 43,872 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the acquisition, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director directly owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 393,872 shares of company stock worth $40,090,679 over the last quarter. 23.20% of the stock is currently owned by corporate insiders.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $103.70 on Monday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $92.46 billion, a PE ratio of 44.32, a P/E/G ratio of 0.90 and a beta of 1.85. The company’s 50 day simple moving average is $94.21 and its two-hundred day simple moving average is $112.13.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The business had revenue of $5.74 billion for the quarter. Analysts predict that KKR & Co. Inc. will post 5.45 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.185 dividend. 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 dividend payout ratio is presently 31.62%.

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.