Key Points
- KKR insider Dane Holmes sold 10,000 shares at an average price of $108.58, generating approximately $1.09 million. The sale reduced his holdings by 54.02%, leaving him with 8,513 shares.
- KKR reported quarterly EPS of $1.63, exceeding analyst expectations of $1.43, while revenue reached $5.73 billion versus the $2.55 billion consensus estimate. The company also pays a quarterly dividend of $0.195 per share, implying a 0.7% yield.
- Analysts maintain a broadly positive view, with 12 Buy ratings and three Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $130, above its reported opening price of $107.81.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) insider Dane Holmes sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
KKR & Co. Inc. Price Performance
NYSE KKR opened at $107.81 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $102.68 and a 200 day simple moving average of $97.87. The company has a market cap of $96.77 billion, a P/E ratio of 34.33, a P/E/G ratio of 1.03 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.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the firm posted $1.18 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 5.66 EPS for the current year.
KKR & Co. Inc. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 24.84%.
Institutional Investors Weigh In On KKR & Co. Inc.
Institutional investors and hedge funds have recently bought and sold shares of the business. Washington Trust Advisors Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $27,000. Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $27,000. SouthState Bank Corp increased its stake in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at about $29,000. Finally, MV Capital Management Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter worth about $31,000. Institutional investors own 76.26% of the company's stock.
Wall Street Analysts Forecast Growth
KKR has been the subject of several research analyst reports. Zacks Research raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. HSBC upped their price target 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 increased their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $130.00.
View Our Latest Stock Report on KKR & Co. Inc.
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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