Insider Selling: KKR & Co. Inc. (NYSE:KKR) EVP Sells $1,764,000.00 in Stock

KKR & Co. Inc. (NYSE:KKR) EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. This trade represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

KKR & Co. Inc. Trading Down 1.8%

NYSE:KKR opened at $100.94 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The firm has a market capitalization of $90.63 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 0.86 and a beta of 1.79. The business’s 50-day moving average price is $95.46 and its two-hundred day moving average price is $101.54.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, equities analysts expect that KKR & Co. Inc. will post 5.58 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

KKR & Co. Inc. announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to reacquire up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KKR. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Oppenheimer dropped their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays lifted their target price on KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Royal Bank Of Canada lowered their price target on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, BMO Capital Markets dropped their price target on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.50.

Hedge Funds Weigh In On KKR & Co. Inc.

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

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.