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

KKR & Co. Inc. (NYSE:KKR) EVP Yael Cosset sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. The trade was a 19.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

KKR & Co. Inc. Stock Up 3.7%

NYSE:KKR traded up $3.62 during trading hours on Wednesday, reaching $100.83. 4,133,543 shares of the company traded hands, compared to its average volume of 6,089,000. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average price is $95.45 and its two-hundred day moving average price is $101.95. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The stock has a market capitalization of $90.53 billion, a P/E ratio of 34.32, a P/E/G ratio of 0.82 and a beta of 1.79.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company 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%. Analysts predict that KKR & Co. Inc. will post 5.55 earnings per share for the current year.

KKR & Co. Inc. announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given 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 yield of 0.8%. KKR & Co. Inc.’s payout ratio is currently 26.53%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KKR shares. Royal Bank Of Canada lowered their price target on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday. The Goldman Sachs Group lowered their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. TD Cowen lowered their price objective on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, Oppenheimer cut their target price on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.58.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Asset Dedication LLC bought a new position in KKR & Co. Inc. in the third quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Elyxium Wealth LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at $27,000. SouthState Bank Corp grew its holdings in 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 purchasing an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.