Insider Buying: KKR & Co. Inc. (NYSE:KKR) Major Shareholder Buys 571,429 Shares of Stock

KKR & Co. Inc. (NYSE:KKR) major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Kkr Alternative Assets Llc also recently made the following trade(s):

• On Wednesday, March 13th, Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock. The stock was purchased at an average cost of $24.94 per share, with a total value of $7,142,865.88.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded up $0.06 during trading on Thursday, hitting $100.57. 3,234,857 shares of the company’s stock traded hands, compared to its average volume of 3,532,396. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The business has a 50-day simple moving average of $94.21 and a 200-day simple moving average of $77.84. The stock has a market capitalization of $89.01 billion, a P/E ratio of 24.62, a PEG ratio of 0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. As a group, analysts forecast that KKR & Co. Inc. will post 4.63 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Wellington Management Group LLP increased its holdings in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after acquiring an additional 11,134,363 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of KKR & Co. Inc. by 54.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 26,054,635 shares of the asset manager’s stock worth $1,209,457,000 after purchasing an additional 9,192,928 shares in the last quarter. Norges Bank bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $649,798,000. Winslow Capital Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth $344,354,000. Finally, Renaissance Technologies LLC purchased a new stake in KKR & Co. Inc. in the 1st quarter worth $135,437,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KKR shares. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. Keefe, Bruyette & Woods increased their price target on shares of KKR & Co. Inc. from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 7th. Finally, TD Cowen began coverage on shares of KKR & Co. Inc. in a research note on Thursday, January 4th. They set an “outperform” rating and a $96.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

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.