KKR & Co. Inc. (NYSE:KKR) Short Interest Update

KKR & Co. Inc. (NYSE:KKR) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 9,580,000 shares, a decrease of 13.5% from the February 13th total of 11,080,000 shares. Based on an average trading volume of 4,850,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.8% of the company’s stock are sold short.

Analyst Ratings Changes

A number of brokerages have weighed in on KKR. Barclays lowered their price objective on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.43.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $36,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $2.36 on Wednesday, hitting $116.38. The stock had a trading volume of 1,617,965 shares, compared to its average volume of 4,346,044. The company’s 50-day moving average is $140.81 and its two-hundred day moving average is $141.71. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The stock has a market cap of $103.37 billion, a price-to-earnings ratio of 34.98, a P/E/G ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

About KKR & Co. Inc.

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.