KKR & Co. Inc. (NYSE:KKR) Chairman Sells $142,573,261.20 in Stock

KKR & Co. Inc. (NYSE:KKR - Get Free Report) Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the transaction, the chairman now owns 82,171,884 shares of the company's stock, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

KKR & Co. Inc. Price Performance

KKR stock traded up $0.11 on Thursday, reaching $120.62. 2,600,231 shares of the company's stock were exchanged, compared to its average volume of 5,028,075. The stock has a fifty day moving average of $113.33 and a 200-day moving average of $133.33. The firm has a market cap of $107.43 billion, a PE ratio of 36.22, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

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 the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on KKR. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, May 14th. TD Cowen decreased their target price on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, JMP Securities lowered their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $149.43.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $1,435,314,000. Nuveen LLC purchased a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $844,137,000. Jennison Associates LLC grew its holdings in KKR & Co. Inc. by 4,918.6% in the first quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC raised its stake 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 purchasing an additional 3,391,581 shares during the period. Finally, Amundi increased its holdings in shares of KKR & Co. Inc. by 114.2% during the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after buying an additional 2,439,505 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

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.