KKR & Co. Inc. (NYSE:KKR) Director Purchases $4,723,500.00 in Stock

Key Points

• Director Timothy Barakett bought 50,000 KKR shares on March 4 at an average price of $94.47 for $4,723,500, boosting his holdings to 285,000 shares (a 21.28% increase), according to the SEC filing.
• KKR trades near $95.68 with a market cap of about $85.3B and a PE of 40.9; it reported Q4 EPS of $1.12 (missed by $0.02) and revenue of $5.93B (up 76.1% YoY) and pays a $0.185 quarterly dividend ($0.74 annual, ~0.8% yield).
• Institutional ownership is high at 76.26%, with large new stakes from investors like Norges Bank, and analysts hold a "Moderate Buy" consensus with an average target price of $151.80.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) Director Timothy Barakett purchased 50,000 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was bought at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the purchase, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $1.85 during midday trading on Thursday, hitting $95.68. The company had a trading volume of 8,226,478 shares, compared to its average volume of 10,165,429. The company has a market capitalization of $85.30 billion, a PE ratio of 40.89, a P/E/G ratio of 0.67 and a beta of 2.01. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 52-week low of $84.52 and a 52-week high of $153.87. The stock's fifty day moving average price is $113.96 and its 200-day moving average price is $124.14.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to analysts' expectations of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%.KKR & Co. Inc.'s revenue for the quarter was up 76.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.'s payout ratio is currently 31.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $1,715,929,000. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. in the third quarter worth about $535,907,000. Viking Global Investors LP bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $352,038,000. Farallon Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $257,216,000. Finally, Close Asset Management Ltd increased its position in shares of KKR & Co. Inc. by 4,155.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager's stock valued at $196,845,000 after purchasing an additional 1,479,688 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KKR. Royal Bank Of Canada assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They set an "outperform" rating and a $137.00 price target for the company. Weiss Ratings raised KKR & Co. Inc. from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, February 4th. UBS Group decreased their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a "buy" rating for the company in a report on Friday, February 20th. Wall Street Zen raised shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. Finally, Barclays decreased their target price on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $151.80.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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