KKR & Co. Inc. (NYSE:KKR) Reaches New 12-Month High at $103.50

KKR & Co. Inc. (NYSE:KKRGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.50 and last traded at $103.50, with a volume of 323 shares traded. The stock had previously closed at $103.13.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KKR shares. Jefferies Financial Group reduced their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays upped their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.50.

Read Our Latest Stock Analysis on KKR

KKR & Co. Inc. Stock Down 1.5 %

The business’s 50-day moving average is $97.97 and its two-hundred day moving average is $86.03. The firm has a market capitalization of $90.13 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 0.90 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KKR. Wellington Management Group LLP boosted its position in shares of KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. Norges Bank bought a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $649,798,000. Winslow Capital Management LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth approximately $344,354,000. Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after acquiring an additional 1,728,782 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $68,286,000. Institutional investors own 76.26% of the company’s stock.

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.

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