KKR & Co. Inc. (NYSE:KKR) Insider Sells $1,085,800.00 in Stock

KKR & Co. Inc. (NYSE:KKR) insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

KKR & Co. Inc. Stock Down 1.8%

NYSE:KKR traded down $1.95 during trading hours on Friday, reaching $107.81. 3,724,661 shares of the company traded hands, compared to its average volume of 5,730,736. The business’s 50-day moving average price is $102.32 and its two-hundred day moving average price is $97.80. The stock has a market capitalization of $96.77 billion, a P/E ratio of 34.33, a P/E/G ratio of 1.00 and a beta of 1.79. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $152.10. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period in the prior year, the firm posted $1.18 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.66 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, August 25th. Stockholders of record on Monday, August 10th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. HSBC lifted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Barclays boosted their price target on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. BMO Capital Markets increased their price objective on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, TD Cowen increased their price objective on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds have recently added to or reduced their stakes in the stock. Border to Coast Pensions Partnership Ltd grew its stake in shares of KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after purchasing an additional 55,000 shares during the period. Andra AP fonden grew its position in KKR & Co. Inc. by 201.7% during the first quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after buying an additional 38,530 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in KKR & Co. Inc. by 152.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after buying an additional 105,070 shares during the period. Next Capital Management LLC increased its holdings in KKR & Co. Inc. by 135.6% during the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager’s stock valued at $4,419,000 after buying an additional 27,498 shares during the last quarter. Finally, Norges Bank bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $1,715,929,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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.