KKR & Co. Inc. (NYSE:KKR) Sees Significant Decline in Short Interest

KKR & Co. Inc. (NYSE:KKRGet Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 7,000,000 shares, a decrease of 7.2% from the May 15th total of 7,540,000 shares. Based on an average daily trading volume, of 3,810,000 shares, the days-to-cover ratio is currently 1.8 days.

KKR & Co. Inc. Price Performance

KKR stock traded up $0.31 during midday trading on Tuesday, reaching $110.48. The stock had a trading volume of 5,160,111 shares, compared to its average volume of 3,852,871. KKR & Co. Inc. has a 52-week low of $52.95 and a 52-week high of $113.91. The company has a market cap of $98.04 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The company’s fifty day simple moving average is $101.43 and its 200 day simple moving average is $94.00. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased 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 worth $26,000 after acquiring an additional 211 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $30,000. Missouri Trust & Investment Co increased its position in shares of KKR & Co. Inc. by 408.9% during the 4th 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 stake in shares of KKR & Co. Inc. during the 4th quarter worth about $41,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KKR shares. Jefferies Financial Group dropped their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Barclays raised their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, TD Cowen decreased their target price on 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.57.

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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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