KKR & Co. Inc. (NYSE:KKR) Short Interest Update

KKR & Co. Inc. (NYSE:KKR) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 8,759,981 shares, a decrease of 18.5% from the January 29th total of 10,752,397 shares. Based on an average trading volume of 10,752,408 shares, the short-interest ratio is presently 0.8 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 10,752,408 shares, the short-interest ratio is presently 0.8 days.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the transaction, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott C. Nuttall acquired 125,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 343,872 shares of company stock worth $35,367,179. 39.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Asset Dedication LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $27,000. Clearstead Trust LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $28,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KKR. Oppenheimer lowered their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. UBS Group reduced their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 20th. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target on the stock. Finally, HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.80.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $3.22 during trading hours on Wednesday, reaching $93.77. 8,927,682 shares of the company were exchanged, compared to its average volume of 10,759,547. KKR & Co. Inc. has a 1 year low of $84.52 and a 1 year high of $153.87. The business’s 50 day simple moving average is $114.66 and its 200-day simple moving average is $124.34. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $83.60 billion, a P/E ratio of 40.07, a P/E/G ratio of 0.65 and a beta of 2.01.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The firm’s revenue was up 76.1% compared to the same quarter last year. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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