KKR & Co. Inc. (NYSE:KKR) Director Robert W. Scully Acquires 13,250 Shares of Stock

KKR & Co. Inc. (NYSE:KKR) Director Robert W. Scully bought 13,250 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the transaction, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

KKR & Co. Inc. Trading Down 0.6 %

Shares of KKR stock opened at $117.96 on Friday. The company has a market cap of $104.78 billion, a P/E ratio of 35.42, a PEG ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The stock has a 50 day simple moving average of $111.06 and a two-hundred day simple moving average of $136.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.’s quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date is Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KKR shares. TD Cowen reduced their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Barclays lifted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth $30,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.