KKR & Co. Inc. (NYSE:KKR) Major Shareholder Kkr Group Partnership L.P. Acquires 11,619,998 Shares

KKR & Co. Inc. (NYSE:KKR) major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

• On Thursday, July 25th, Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40.

KKR & Co. Inc. Stock Up 2.0 %

KKR stock opened at $122.78 on Friday. The stock has a market cap of $108.96 billion, a P/E ratio of 27.53, a PEG ratio of 0.99 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $128.79. The company’s 50 day moving average is $116.66 and its two-hundred day moving average is $106.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.58 EPS. Research analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.57%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Advisor Resource Council purchased a new position in shares of KKR & Co. Inc. during the first quarter worth approximately $1,001,000. Wealth Enhancement Advisory Services LLC boosted its stake in KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after purchasing an additional 111,881 shares during the period. Quadrature Capital Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter worth $3,932,000. Janney Montgomery Scott LLC increased its stake in KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after purchasing an additional 6,406 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after buying an additional 11,134,363 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KKR. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. in a research note on Thursday. They issued an “equal weight” rating and a $130.00 price target for the company. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Finally, Citigroup increased their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.86.

About KKR & Co. Inc.

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.