MYDA Advisors LLC Buys New Position in KKR & Co. Inc. $KKR

Key Points

• MYDA Advisors LLC acquired 10,000 shares of KKR & Co. Inc., valued at approximately $1.156 million, during the first quarter of the year.
• Analysts have raised their target prices for KKR & Co. Inc., with estimates now ranging from $150 to $162, reflecting positive sentiment towards the stock.
• KKR has increased its quarterly dividend to $0.185 per share, which represents a 0.5% yield and a positive change from the previous dividend.

MYDA Advisors LLC acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the asset manager's stock, valued at approximately $1,156,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $26,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of KKR & Co. Inc. during the first quarter worth about $38,000. GW&K Investment Management LLC grew its holdings in shares of KKR & Co. Inc. by 44.6% during the first quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager's stock worth $42,000 after purchasing an additional 111 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of KKR & Co. Inc. during the first quarter worth about $44,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Down 0.3%

KKR stock traded down $0.48 during midday trading on Friday, hitting $139.61. The company had a trading volume of 2,421,632 shares, compared to its average volume of 3,179,577. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock's 50 day moving average price is $141.10 and its 200 day moving average price is $126.14. The stock has a market cap of $124.38 billion, a price-to-earnings ratio of 64.93, a PEG ratio of 1.54 and a beta of 1.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,281,394 shares of company stock valued at $413,158,033 in the last quarter. Corporate insiders own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KKR shares. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Oppenheimer boosted their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.