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

US Bancorp DE raised its stake in KKR & Co. Inc. (NYSE:KKR) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,171 shares of the asset manager’s stock after buying an additional 5,211 shares during the period. US Bancorp DE’s holdings in KKR & Co. Inc. were worth $8,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Simplicity Wealth LLC increased its holdings in shares of KKR & Co. Inc. by 30.8% in the 4th quarter. Simplicity Wealth LLC now owns 2,448 shares of the asset manager’s stock worth $312,000 after buying an additional 576 shares during the last quarter. SOL Capital Management CO grew its holdings in shares of KKR & Co. Inc. by 3.0% during the 4th quarter. SOL Capital Management CO now owns 159,083 shares of the asset manager’s stock valued at $20,280,000 after purchasing an additional 4,583 shares during the last quarter. Strategic Blueprint LLC grew its holdings in shares of KKR & Co. Inc. by 1.1% during the 4th quarter. Strategic Blueprint LLC now owns 53,249 shares of the asset manager’s stock valued at $6,788,000 after purchasing an additional 560 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $75,000. Finally, Wealthfront Advisers LLC grew its holdings in shares of KKR & Co. Inc. by 5.2% during the 4th quarter. Wealthfront Advisers LLC now owns 57,599 shares of the asset manager’s stock valued at $7,343,000 after purchasing an additional 2,856 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on KKR shares. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group reduced their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Activity

In other news, CEO Scott C. Nuttall purchased 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the acquisition, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy R. Barakett purchased 50,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director 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 acquired 393,872 shares of company stock worth $40,090,679 in the last quarter. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $103.70 on Monday. The firm has a market cap 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. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The company’s fifty day simple moving average is $94.21 and its two-hundred day simple moving average is $112.13.

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

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

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.