Key Points
- Director Timothy Barakett bought 50,000 KKR shares on Feb. 9 at an average $104.93 ($5.25M), raising his direct stake to 235,000 shares—a 27.03% increase valued at about $24.66M.
- KKR reported Q EPS of $1.12 (missed by $0.02) with revenue of $5.93B (up 76.1% YoY), declared a $0.185 quarterly dividend (0.7% yield, ex-div Feb. 17), and maintains a MarketBeat consensus rating of Moderate Buy with a $156.57 price target.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) Director Timothy Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, February 9th. The shares were acquired at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares in the company, valued at $24,658,550. This trade represents a 27.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
KKR & Co. Inc. Stock Down 1.9%
KKR opened at $105.20 on Thursday. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $153.87. The stock's fifty day simple moving average is $125.61 and its 200 day simple moving average is $129.46. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $93.77 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.99.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned $1.32 earnings per share. The company's revenue for the quarter was up 76.1% compared to the same quarter last year. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.
KKR & Co. Inc. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.'s dividend payout ratio is currently 31.62%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, February 4th. Barclays dropped their price target on KKR & Co. Inc. from $159.00 to $136.00 and set an "overweight" rating for the company in a report on Friday, February 6th. UBS Group decreased their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a "buy" rating on the stock in a report on Tuesday, January 13th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an "overweight" rating for the company in a report on Tuesday, October 21st. Finally, Oppenheimer decreased their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.57.
Read Our Latest Analysis on KKR
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of KKR. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. during the third quarter worth about $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $26,000. GGM Financials LLC acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $27,000. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Company Profile
(
Get Free Report)
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.
Further Reading
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