KKR & Co. Inc. (NYSE:KKR) Short Interest Up 11.8% in March

KKR & Co. Inc. (NYSE:KKRGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,760,000 shares, a growth of 11.8% from the February 29th total of 6,940,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the days-to-cover ratio is currently 2.2 days.

KKR & Co. Inc. Stock Down 2.2 %

Shares of NYSE KKR traded down $2.23 on Tuesday, hitting $97.77. The company had a trading volume of 1,241,276 shares, compared to its average volume of 3,475,563. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The firm has a market capitalization of $86.53 billion, a P/E ratio of 23.86, a PEG ratio of 0.87 and a beta of 1.61. The business has a 50 day moving average of $95.23 and a two-hundred day moving average of $78.72.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $995.64 million. As a group, equities research analysts forecast that KKR & Co. Inc. will post 4.63 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Quarry LP raised its stake in shares of KKR & Co. Inc. by 95.3% in the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 224 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Missouri Trust & Investment Co lifted 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 last quarter. Finally, First United Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter worth about $41,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on KKR. Wells Fargo & Company increased their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, December 4th. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, TD Cowen assumed coverage on shares of KKR & Co. Inc. in a research report on Thursday, January 4th. They set an “outperform” rating and a $96.00 price target for the company. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

View Our Latest Report on KKR

About KKR & Co. Inc.

(Get Free Report)

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.

Further Reading

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.