KKR & Co. Inc. (NYSE:KKR – Get Free Report) insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
KKR & Co. Inc. Price Performance
Shares of KKR traded down $1.95 during mid-day trading on Friday, reaching $107.81. The stock had a trading volume of 3,724,661 shares, compared to its average volume of 5,730,736. The business has a fifty day moving average of $102.32 and a 200 day moving average of $97.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $96.77 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.00 and a beta of 1.79. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $152.10.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the company earned $1.18 EPS. Equities analysts predict that KKR & Co. Inc. will post 5.66 EPS for the current year.
KKR & Co. Inc. Announces Dividend
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. SouthState Bank Corp raised its holdings in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after buying an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. in the fourth quarter worth $29,000. Finally, MV Capital Management Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KKR shares. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Argus boosted their price target on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Oppenheimer increased their price objective on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Barclays raised their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, HSBC increased their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.
Get Our Latest Stock Report on KKR
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.
Featured Stories
- Five stocks we like better than KKR & Co. Inc.
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
