Key Points
- Director Matt Cohler purchased 43,872 shares of KKR on February 17 at an average price of $102.90 (total value ~$4.51M), raising his direct holding to 45,477 shares per an SEC Form 4 filing.
- KKR reported fiscal-quarter EPS of $1.12 (missing the $1.14 consensus) while revenue surged to $5.93 billion, up 76.1% year‑over‑year and well above expectations.
- The firm declared a quarterly dividend of $0.185 per share (ex‑dividend date February 17, payable March 3), implying a 0.7% yield and a $0.74 annualized payout.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) Director Matt Cohler acquired 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares of the company's stock, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. stock opened at $103.56 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $92.31 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87. The firm's 50 day simple moving average is $122.52 and its 200-day simple moving average is $127.83.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.93 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The company's revenue for the quarter was up 76.1% on a year-over-year basis. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.'s payout ratio is currently 31.62%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of KKR. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $27,000. Washington Trust Advisors Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Institutional investors and hedge funds own 76.26% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. UBS Group decreased their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a "buy" rating for the company in a research report on Tuesday, January 13th. TD Cowen cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and decreased their price target for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. Barclays lowered their price objective on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an "overweight" rating on the stock in a research report on Friday, February 6th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, February 4th. Finally, HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 target price for the company in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.57.
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About KKR & Co. Inc.
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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.
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