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

KKR & Co. Inc. (NYSE:KKR) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 10,874,540 shares, an increase of 23.3% from the February 26th total of 8,819,129 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 9,397,155 shares, the days-to-cover ratio is presently 1.2 days.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.00 on Wednesday, hitting $91.51. The stock had a trading volume of 2,447,231 shares, compared to its average volume of 7,656,883. The stock has a market cap of $81.58 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 0.67 and a beta of 2.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The business’s 50 day moving average is $99.01 and its two-hundred day moving average is $117.59.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Insider Activity

In other news, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the purchase, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joseph Y. Bae purchased 125,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the acquisition, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. This trade represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 393,872 shares of company stock valued at $40,090,679 in the last 90 days. 23.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently modified their holdings of the business. ESL Trust Services LLC acquired a new stake in KKR & Co. Inc. in the 3rd quarter worth about $26,000. Asset Dedication LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $26,000. GGM Financials LLC bought a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $27,000. Washington Trust Advisors Inc. bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Institutional investors own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on KKR shares. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.00.

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.