KKR & Co. Inc. (NYSE:KKR – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 6,940,000 shares, a growth of 6.1% from the February 14th total of 6,540,000 shares. Based on an average daily trading volume, of 3,670,000 shares, the short-interest ratio is currently 1.9 days.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 7th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.60.
KKR & Co. Inc. Price Performance
Shares of NYSE:KKR traded down $1.54 during midday trading on Monday, reaching $95.16. 3,949,863 shares of the company’s stock were exchanged, compared to its average volume of 3,632,112. The company’s 50 day simple moving average is $91.40 and its two-hundred day simple moving average is $75.86. The firm has a market capitalization of $84.22 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.62. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $101.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. Equities research analysts expect that KKR & Co. Inc. will post 4.63 earnings per share for the current fiscal year.
KKR & Co. Inc. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.
Insider Activity
In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.
Institutional Investors Weigh In On KKR & Co. Inc.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Missouri Trust & Investment Co increased its position in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares in the last quarter. Quarry LP increased its position in KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 224 shares in the last quarter. Finally, First United Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 54.97% of the company’s stock.
KKR & Co. Inc. Company Profile
KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.