KKR & Co. Inc. (NYSE:KKR) EVP Yael Cosset Sells 30,000 Shares

KKR & Co. Inc. (NYSE:KKR) EVP Yael Cosset sold 30,000 shares of the stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the transaction, the executive vice president directly owned 127,868 shares in the company, valued at $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

KKR & Co. Inc. Trading Up 3.8%

Shares of NYSE:KKR opened at $100.91 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock has a market cap of $90.60 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 0.82 and a beta of 1.79. The business has a 50-day moving average price of $95.45 and a 200-day moving average price of $101.74.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Equities analysts predict that KKR & Co. Inc. will post 5.54 EPS for the current year.

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

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a $0.195 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is presently 26.53%.

Analysts Set New Price Targets

A number of research analysts have issued reports on KKR shares. TD Cowen decreased their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. UBS Group lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets lowered their target price on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $130.58.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Asset Dedication LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at about $26,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Elyxium Wealth LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. SouthState Bank Corp raised its holdings in shares of KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $29,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.