Insider Buying: KKR & Co Inc Class A (KKR) Major Shareholder Purchases $347,935.50 in Stock

KKR & Co Inc Class A (NYSE:KKR) major shareholder Fund Holdings L.P. Kkr bought 25,773 shares of KKR & Co Inc Class A stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average price of $13.50 per share, with a total value of $347,935.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund Holdings L.P. Kkr also recently made the following trade(s):

  • On Monday, August 13th, Fund Holdings L.P. Kkr bought 13,402 shares of KKR & Co Inc Class A stock. The stock was acquired at an average price of $13.48 per share, with a total value of $180,658.96.
  • On Monday, August 6th, Fund Holdings L.P. Kkr sold 2,030,892 shares of KKR & Co Inc Class A stock. The shares were sold at an average price of $14.18, for a total transaction of $28,798,048.56.
  • On Thursday, August 2nd, Fund Holdings L.P. Kkr sold 1,742,007 shares of KKR & Co Inc Class A stock. The shares were sold at an average price of $38.26, for a total transaction of $66,649,187.82.
  • On Monday, July 30th, Fund Holdings L.P. Kkr sold 11,452,321 shares of KKR & Co Inc Class A stock. The shares were sold at an average price of $38.26, for a total transaction of $438,165,801.46.

KKR & Co Inc Class A stock opened at $25.40 on Friday. KKR & Co Inc Class A has a 12-month low of $17.96 and a 12-month high of $27.95. The stock has a market cap of $13.50 billion, a P/E ratio of 10.67, a PEG ratio of 1.31 and a beta of 1.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87.

KKR & Co Inc Class A (NYSE:KKR) last released its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $391.74 million. During the same period last year, the business earned $0.81 earnings per share. KKR & Co Inc Class A’s revenue was up 4.2% compared to the same quarter last year. equities research analysts predict that KKR & Co Inc Class A will post 1.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 21st. Investors of record on Monday, August 6th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, August 3rd. KKR & Co Inc Class A’s payout ratio is currently 28.57%.

A number of brokerages have recently commented on KKR. Citigroup increased their target price on shares of KKR & Co Inc Class A from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 target price on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $32.00 target price on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. Oppenheimer set a $35.00 target price on shares of KKR & Co Inc Class A and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research cut shares of KKR & Co Inc Class A from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $29.75.

Institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR increased its position in KKR & Co Inc Class A by 14.2% during the first quarter. Stephens Inc. AR now owns 334,477 shares of the asset manager’s stock worth $6,790,000 after purchasing an additional 41,644 shares during the last quarter. BlackRock Inc. boosted its stake in KKR & Co Inc Class A by 36.5% during the fourth quarter. BlackRock Inc. now owns 576,003 shares of the asset manager’s stock worth $12,131,000 after buying an additional 153,967 shares during the period. Principal Financial Group Inc. boosted its stake in KKR & Co Inc Class A by 1.7% during the first quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock worth $295,185,000 after buying an additional 237,568 shares during the period. DT Investment Partners LLC boosted its stake in KKR & Co Inc Class A by 2.4% during the second quarter. DT Investment Partners LLC now owns 173,412 shares of the asset manager’s stock worth $4,309,000 after buying an additional 4,054 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in KKR & Co Inc Class A by 103.6% during the first quarter. JPMorgan Chase & Co. now owns 18,132,936 shares of the asset manager’s stock worth $368,099,000 after buying an additional 9,227,804 shares during the period. Hedge funds and other institutional investors own 62.00% of the company’s stock.

About KKR & Co Inc Class A

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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Insider Buying and Selling by Quarter for KKR & Co Inc Class A (NYSE:KKR)

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