KKR & Co. Inc. (NYSE:KKR - Get Free Report) major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Kkr Alternative Assets Llc also recently made the following trade(s):
- On Wednesday, March 13th, Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock. The stock was bought at an average cost of $24.94 per share, for a total transaction of $7,142,865.88.
KKR & Co. Inc. Stock Up 0.1 %
KKR opened at $100.57 on Friday. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $89.01 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. The business's 50-day simple moving average is $94.59 and its 200-day simple moving average is $77.99.
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KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. Analysts anticipate that KKR & Co. Inc. will post 4.63 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio is presently 16.18%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of KKR. Blue Trust Inc. grew its position in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock valued at $26,000 after buying an additional 211 shares during the last quarter. Quarry LP lifted its stake in shares of KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager's stock worth $26,000 after acquiring an additional 224 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Missouri Trust & Investment Co raised its holdings in KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock worth $38,000 after purchasing an additional 368 shares in the last quarter. Finally, First United Bank & Trust acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at about $41,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on KKR shares. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a "market outperform" rating in a report on Wednesday, February 7th. The Goldman Sachs Group increased their price objective on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, November 30th. TD Cowen assumed coverage on KKR & Co. Inc. in a report on Thursday, January 4th. They set an "outperform" rating and a $96.00 target price for the company. Finally, Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $82.60.
Read Our Latest Research Report on KKR
About KKR & Co. Inc.
(
Get Free Report)
KKR & Co Inc 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, lower middle market and middle market investments.
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