Yael Cosset Sells 30,000 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) EVP Yael Cosset sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the sale, the executive vice president owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. This trade represents a 19.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

KKR & Co. Inc. Price Performance

KKR opened at $102.57 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The stock has a market capitalization of $92.10 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The stock’s 50 day moving average price is $95.49 and its 200-day moving average price is $101.54.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The company had revenue of $5.74 billion during the quarter. On average, equities research analysts predict that KKR & Co. Inc. will post 5.54 EPS for the current year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock buyback program on Tuesday, May 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is presently 26.53%.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the business. Asset Dedication LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth about $27,000. SouthState Bank Corp grew its holdings in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after purchasing an additional 148 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $29,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KKR. The Goldman Sachs Group cut their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada cut their price objective on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, TD Cowen reduced their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.58.

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.