KKR & Co. Inc. (NYSE:KKR) Chairman Sells $137,826,186.20 in Stock

KKR & Co. Inc. (NYSE:KKR - Get Free Report) Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman now owns 73,006,022 shares in the company, valued at $8,746,121,435.60. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

KKR & Co. Inc. Stock Up 0.1%

KKR & Co. Inc. stock traded up $0.07 during midday trading on Wednesday, hitting $120.55. 2,732,101 shares of the company's stock were exchanged, compared to its average volume of 5,037,792. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $107.37 billion, a PE ratio of 36.20, a P/E/G ratio of 1.00 and a beta of 1.91. The firm has a 50-day moving average of $113.21 and a two-hundred day moving average of $133.42. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

KKR has been the topic of several recent analyst reports. JMP Securities reduced their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays increased their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, TD Cowen reduced their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of "Buy" and a consensus target price of $149.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Norges Bank purchased a new position in KKR & Co. Inc. in the 4th quarter worth $1,435,314,000. Nuveen LLC purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $844,137,000. Jennison Associates LLC raised its stake in shares of KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock worth $507,972,000 after buying an additional 4,306,290 shares during the period. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock worth $973,894,000 after acquiring an additional 3,391,581 shares during the period. Finally, Amundi lifted its stake in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock valued at $528,989,000 after buying an additional 2,439,505 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

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.