Insider Selling: KKR & Co. Inc. (NYSE:KKR) Major Shareholder Sells 13,800,000 Shares of Stock

KKR & Co. Inc. (NYSE:KKRGet Free Report) major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

KKR & Co. Inc. Trading Down 1.3 %

Shares of NYSE KKR traded down $1.26 during trading on Monday, hitting $97.39. 3,479,294 shares of the company were exchanged, compared to its average volume of 3,708,314. KKR & Co. Inc. has a 12-month low of $47.46 and a 12-month high of $101.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average price of $89.75 and a 200-day moving average price of $74.55. The firm has a market capitalization of $86.19 billion, a PE ratio of 24.18, a P/E/G ratio of 0.85 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.65 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 211 shares in the last quarter. Quarry LP boosted its position in KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock worth $26,000 after acquiring an additional 224 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $30,000. Missouri Trust & Investment Co raised its position in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter valued at $41,000. 54.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KKR shares. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. The Goldman Sachs Group boosted their price target on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 7th. Finally, TD Cowen started coverage on shares of KKR & Co. Inc. in a research note on Thursday, January 4th. They issued an “outperform” rating and a $96.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.60.

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About KKR & Co. Inc.

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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.

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Insider Buying and Selling by Quarter for KKR & Co. Inc. (NYSE:KKR)

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