Insider Buying: KKR & Co. Inc. (NYSE:KKR) Director Purchases $1,503,742.50 in Stock

KKR & Co. Inc. (NYSE:KKR) Director Robert W. Scully acquired 13,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now directly owns 13,250 shares of the company’s stock, valued at $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

KKR & Co. Inc. Stock Down 0.6 %

KKR stock opened at $117.96 on Friday. The stock has a market capitalization of $104.78 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $111.06 and a 200 day moving average of $136.14.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was down 67.8% compared to the same quarter last year. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KKR shares. Morgan Stanley boosted their price target on shares of KKR & Co. Inc. from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Barclays lifted their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. TD Cowen reduced their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after buying an additional 870,176 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of KKR & Co. Inc. by 14.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares during the period. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after purchasing an additional 458,048 shares during the last quarter. FMR LLC lifted its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after purchasing an additional 752,056 shares during the period. Finally, Norges Bank purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at $1,435,314,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.