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

KKR & Co. Inc. (NYSE:KKRGet Free Report) major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40.

KKR & Co. Inc. Stock Up 2.0 %

Shares of KKR opened at $122.78 on Friday. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $116.66 and a two-hundred day simple moving average of $106.62. The company has a market capitalization of $108.96 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. JMP Securities increased 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 report on Thursday, August 1st. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Citigroup boosted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price target on KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

Read Our Latest Research Report on KKR

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its stake in shares of KKR & Co. Inc. by 12.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,900 shares of the asset manager’s stock valued at $305,000 after purchasing an additional 311 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at about $7,444,000. New Century Financial Group LLC acquired a new position in KKR & Co. Inc. in the second quarter valued at about $376,000. Cetera Investment Advisers boosted its stake in KKR & Co. Inc. by 6.3% during the second quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after buying an additional 5,309 shares during the period. Finally, EP Wealth Advisors LLC increased its position in shares of KKR & Co. Inc. by 3.1% during the second quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock valued at $452,000 after acquiring an additional 129 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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

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