Insider Selling: David Sorkin Sells 25,000 Shares of KKR Stock (KKR)
KKR (NYSE:KKR) General Counsel David Sorkin sold 25,000 shares of KKR stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $23.85, for a total value of $596,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
KKR (NYSE:KKR) traded up 0.63% during mid-day trading on Friday, hitting $23.98. The stock had a trading volume of 2,163,802 shares. KKR has a 1-year low of $17.27 and a 1-year high of $26.50. The stock’s 50-day moving average is $24.71 and its 200-day moving average is $22.55. The company has a market cap of $6.910 billion and a price-to-earnings ratio of 10.36.
KKR (NYSE:KKR) last announced its earnings results on Thursday, February 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36. The company had revenue of $224.90 million for the quarter, compared to the consensus estimate of $371.90 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that KKR will post $2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.06%. The ex-dividend date is Thursday, February 13th. This is a boost from KKR’s previous quarterly dividend of $0.23.
A number of research firms have recently commented on KKR. Analysts at Deutsche Bank initiated coverage on shares of KKR in a research note on Tuesday, January 28th. They set a “hold” rating and a $25.00 price target on the stock. Analysts at Zacks downgraded shares of KKR from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 25th. They now have a $27.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. KKR has an average rating of “Buy” and a consensus target price of $24.55.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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