TRB Advisors LP Boosts Investment in KKR & Co. Inc.

TRB Advisors LP has made a significant move by increasing its stake in KKR & Co. Inc. (NYSE:KKR) by an impressive 200.0% during the fourth quarter. This information was revealed in TRB Advisors LP's recent Form 13F filing with the Securities and Exchange Commission (SEC). Following the purchase of an additional 100,000 shares, the fund now owns a total of 150,000 shares of the asset management firm's stock. KKR & Co. Inc. now represents 3.7% of TRB Advisors LP's investment portfolio, making it the sixth largest holding for the firm. As of the end of the last quarter, the total value of TRB Advisors LP's holdings in KKR was approximately $22,186,000.

In addition to TRB Advisors LP, other institutional investors have also adjusted their positions in KKR & Co. Inc. For instance, Proficio Capital Partners LLC remarkably increased its stake by 4,981.9% during the same quarter, acquiring 1,573,046 shares and totaling a value of $232,669,000 after purchasing an additional 1,542,092 shares. Raymond James Financial Inc. established a new stake valued around $218,918,000, while the Roberts Foundation also initiated a new investment worth approximately $147,910,000. Furthermore, Amundi boosted its holding by 51.8% during the fourth quarter, now owning 2,136,126 shares valued at $316,659,000 after acquiring an extra 728,515 shares. Lastly, American Century Companies Inc. increased its stake by an astounding 657.7%, ending up with 798,507 shares worth $118,107,000 after adding 693,121 shares. Collectively, institutional investors and hedge funds own about 76.26% of KKR & Co. Inc.'s stock.

Current Stock Performance

The shares of KKR & Co. Inc. (NYSE:KKR) opened at $116.54 on Friday. The firm has a market capitalization of $103.52 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.00, and a beta of 1.72. Over the past year, KKR's stock has fluctuated between a low of $91.92 and a high of $170.40. The company maintains a fifty-day moving average of $139.07 and a two-hundred day moving average of $141.31. Additionally, the financial metrics indicate that KKR has a debt-to-equity ratio of 0.82, with both a quick ratio and a current ratio of 0.07.

Dividend Updates

KKR & Co. Inc. recently declared a quarterly dividend, which was distributed on February 28th. Shareholders who were on record as of February 14th received a dividend payment of $0.175 per share. The ex-dividend date was also set for February 14th. This annualizes to a dividend of $0.70, reflecting a dividend yield of 0.60%. The company’s dividend payout ratio (DPR) stands at 21.02%.

Insider Activity

In recent developments concerning insider trading, Genetic Disorder L.P. Kkr, a major shareholder, sold 6 million shares of KKR's stock on March 5th. This transaction occurred at an average price of $32.96 per share, resulting in a total transaction value of approximately $197,760,000. Following this sale, the insider retains ownership of 19,260,971 shares, valued around $634,841,604, marking a 23.75% reduction in their stake. This transaction was also disclosed in a filing with the SEC, and corporate insiders hold about 39.34% of KKR's outstanding shares.

Analyst Ratings and Opinions

Several equity research analysts have examined KKR & Co. Inc. and have provided various ratings. HSBC Global Research revised its assessment, downgrading the shares from a "strong-buy" to a "hold." Meanwhile, Oppenheimer raised their target price from $153.00 to $175.00, assigning an "outperform" rating. Wells Fargo upgraded its rating from "equal weight" to "overweight" and adjusted its target price from $150.00 to $141.00. Barclays has also reduced its target price from $185.00 to $181.00, maintaining an "overweight" designation. Additionally, Keefe, Bruyette & Woods decreased their price target from $170.00 to $168.00, keeping their "outperform" assessment. Overall, one analyst rates the stock as a sell, three analysts have a hold rating, twelve have issued a buy rating, and one has issued a strong buy rating. Based on MarketBeat.com data, KKR & Co. Inc. has an average rating of "Moderate Buy" with a consensus target price of $160.79.

Company Overview

KKR & Co, Inc. operates as a prominent investment firm specializing in alternative asset management and offering capital markets and insurance solutions. The company's operations are divided into two main segments: Asset Management and Insurance Business. The Asset Management division primarily focuses on private equity, real assets, credit and liquid strategies, capital markets, and various principal investment activities.

KKR, TRB, Investment