KKR & Co. Inc. (NYSE:KKR) Short Interest Update

KKR & Co. Inc. (NYSE:KKR) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 7,890,000 shares, an increase of 12.7% from the May 31st total of 7,000,000 shares. Based on an average daily trading volume, of 6,390,000 shares, the days-to-cover ratio is currently 1.2 days.

KKR & Co. Inc. Stock Up 0.1 %

Shares of NYSE:KKR traded up $0.13 during midday trading on Wednesday, reaching $106.06. The company’s stock had a trading volume of 1,251,995 shares, compared to its average volume of 5,127,508. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $103.62 and a 200-day moving average of $96.07. The firm has a market capitalization of $94.12 billion, a P/E ratio of 23.83, a PEG ratio of 0.92 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. On average, research analysts anticipate that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.66%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insiders Place Their Bets

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the purchase, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in KKR & Co. Inc. in the 4th quarter worth about $30,000. Missouri Trust & Investment Co raised its position in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after buying an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter valued at about $41,000. Institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of analyst reports. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research report on Friday, June 21st. Barclays boosted their target price on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group dropped their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.