Timothy R. Barakett Acquires 35,000 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR - Get Free Report) Director Timothy R. Barakett purchased 35,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the purchase, the director now owns 185,000 shares in the company, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $1.05 on Friday, hitting $121.28. 6,807,795 shares of the company were exchanged, compared to its average volume of 5,042,563. The company's 50 day moving average price is $113.11 and its two-hundred day moving average price is $133.95. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. 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 firm has a market capitalization of $108.02 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue for the quarter was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Institutional Trading of KKR & Co. Inc.

Large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Saudi Central Bank acquired a new position in KKR & Co. Inc. in the first quarter valued at approximately $28,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Finally, Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. 76.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

KKR has been the topic of several research reports. JMP Securities cut their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has an average rating of "Buy" and an average target price of $149.43.

KKR & Co. Inc. Company 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.