Greenwood Gearhart Inc. Buys New Stake in KKR & Co. Inc. $KKR

Greenwood Gearhart Inc. bought a new stake in KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 110,971 shares of the asset manager’s stock, valued at approximately $14,147,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at about $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at about $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at about $27,000. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $27,000. Finally, Richardson Financial Services Inc. boosted its position in KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

Insider Activity at KKR & Co. Inc.

In related news, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the completion of the transaction, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy R. Barakett bought 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the transaction, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. This represents a 21.28% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 393,872 shares of company stock valued at $40,090,679 over the last ninety days. Company insiders own 23.20% of the company’s stock.

More KKR & Co. Inc. News

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: UBS said KKR could see strong upside, and TD Cowen lifted its price target to $106, reinforcing a constructive analyst view on the stock. UBS Group Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock
• Positive Sentiment: KKR closed its Arctos acquisition, expanding into sports franchise investing and GP solutions, which broadens its private-markets platform and could support longer-term growth. KKR Adds Sports Franchise Exposure Through Arctos Buyout
• Positive Sentiment: KKR-backed InCred filed IPO papers in India targeting a large valuation, which may highlight value creation within KKR’s portfolio. KKR-Backed InCred Files ?3,000 Crore IPO Papers, Targets ?15,000 Crore Valuation
• Positive Sentiment: KKR portfolio company CoolIT was sold for $4.75 billion, and employee payouts are reportedly substantial, another sign that KKR can monetize investments well. This KKR Portfolio Company Just Sold for $4.75 Billion—and Its Employees Are Getting an 8x Salary Bonus
• Neutral Sentiment: Unusual options activity showed elevated put buying, suggesting some traders are hedging or betting on near-term downside, but it does not confirm a fundamental change. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Neutral Sentiment: RBC turned more cautious on KKR’s stock price, adding to the mixed analyst backdrop, though it is offset by the bullish views elsewhere. Royal Bank Of Canada Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price
• Negative Sentiment: KKR and Instructure were sued over a data breach tied to the Canvas edtech tool, creating potential legal and reputational risk for KKR. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Negative Sentiment: KKR’s Q1 results beat estimates, but shares fell after management reduced visibility on reaching $7 per share in annualized net income, which spooked investors about near-term earnings momentum. KKR Shares Slip as Weak ANI Outlook Overshadows Q1 Earnings Beat

Wall Street Analysts Forecast Growth

A number of research firms have commented on KKR. TD Cowen boosted their price target on shares of KKR & Co. Inc. from $102.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday. BMO Capital Markets reduced their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Zacks Research lowered shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Barclays reduced their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.67.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $102.48 on Friday. The firm has a market cap of $91.36 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.85. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $94.49 and its two-hundred day moving average price is $111.73.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.50%. The company had revenue of $5.74 billion for the quarter. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.39 EPS for the current fiscal year.

KKR & Co. Inc. announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.195 per share. The ex-dividend date is Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 25.17%.

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.