KKR & Co. Inc. (NYSE:KKR) Insider Dane Holmes Sells 10,000 Shares

KKR & Co. Inc. (NYSE:KKR) insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

KKR & Co. Inc. Trading Down 1.8%

KKR & Co. Inc. stock opened at $107.81 on Friday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $96.77 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 1.03 and a beta of 1.79. The company has a 50 day moving average price of $102.68 and a 200 day moving average price of $97.87.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The company 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 period in the previous year, the business earned $1.18 EPS. Research analysts forecast 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 issued a dividend of $0.195 per share. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is currently 24.84%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new position in KKR & Co. Inc. during the fourth quarter valued at about $218,000. Sivia Capital Partners LLC raised its holdings in KKR & Co. Inc. by 13.1% during the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after buying an additional 237 shares in the last quarter. United Bank acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth about $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth about $4,826,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KKR. Oppenheimer lifted their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. TD Cowen raised their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Barclays boosted their price objective on shares of 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, Argus upped their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.00.

About KKR & Co. Inc.

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.