Timothy Barakett Purchases 50,000 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) Director Timothy Barakett purchased 50,000 shares of the stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of $104.93 per share, for a total transaction of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. The trade was a 27.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

KKR & Co. Inc. Trading Down 3.9%

Shares of KKR stock opened at $101.01 on Friday. The stock’s fifty day moving average is $125.07 and its two-hundred day moving average is $129.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $90.03 billion, a P/E ratio of 43.17, a PEG ratio of 0.82 and a beta of 1.99. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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 business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.KKR & Co. Inc.’s quarterly revenue was up 76.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 EPS. Research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KKR. Barclays dropped their target price on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a report on Friday, February 6th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Finally, UBS Group reduced their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.57.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in KKR. Laurel Oak Wealth Management LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $645,000. Fiduciary Group LLC raised its holdings in shares of KKR & Co. Inc. by 2.3% in the 4th quarter. Fiduciary Group LLC now owns 8,800 shares of the asset manager’s stock valued at $1,122,000 after buying an additional 200 shares during the period. Advocate Investing Services LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $178,000. Davis R M Inc. boosted its holdings in KKR & Co. Inc. by 23.3% during the 4th quarter. Davis R M Inc. now owns 3,705 shares of the asset manager’s stock valued at $472,000 after acquiring an additional 700 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in KKR & Co. Inc. by 6.4% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 124,183 shares of the asset manager’s stock valued at $15,831,000 after acquiring an additional 7,480 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.