KKR & Co. Inc. (NYSE:KKR) Director Timothy Barakett Buys 50,000 Shares

KKR & Co. Inc. (NYSE:KKR) Director Timothy Barakett acquired 50,000 shares of the stock in a transaction on Monday, February 9th. The shares were purchased at an average price of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the transaction, the director owned 235,000 shares in the company, valued at approximately $24,658,550. This represents a 27.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $105.20 on Thursday. The stock has a market cap of $93.77 billion, a PE ratio of 44.96, a price-to-earnings-growth ratio of 0.83 and a beta of 1.99. The business has a fifty day simple moving average of $125.61 and a 200-day simple moving average of $129.46. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s quarterly revenue was up 76.1% on a year-over-year basis. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Institutional Trading of KKR & Co. Inc.

Large investors have recently made changes to their positions in the stock. Covenant Asset Management LLC lifted its stake in KKR & Co. Inc. by 1,424.8% in the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock valued at $3,876,000 after acquiring an additional 27,870 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $6,219,000. Generali Asset Management SPA SGR raised its holdings in shares of KKR & Co. Inc. by 132.5% in the 3rd quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after purchasing an additional 21,270 shares during the period. Allen Investment Management LLC lifted its stake in KKR & Co. Inc. by 165.0% in the 3rd quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock valued at $32,146,000 after purchasing an additional 154,009 shares during the last quarter. Finally, First Interstate Bank bought a new position in KKR & Co. Inc. during the second quarter worth about $3,115,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

KKR has been the subject of a number of research analyst reports. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Barclays lowered their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. UBS Group dropped their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Company Profile

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.