Insider Buying: KKR & Co Inc Class A (KKR) Major Shareholder Buys 30,076 Shares of Stock

KKR & Co Inc Class A (NYSE:KKR) major shareholder Fund Holdings L.P. Kkr purchased 30,076 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were bought at an average price of $14.14 per share, with a total value of $425,274.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund Holdings L.P. Kkr also recently made the following trade(s):

  • On Friday, August 17th, Fund Holdings L.P. Kkr purchased 8,576 shares of KKR & Co Inc Class A stock. The shares were bought at an average price of $13.98 per share, with a total value of $119,892.48.
  • On Wednesday, August 15th, Fund Holdings L.P. Kkr purchased 25,773 shares of KKR & Co Inc Class A stock. The shares were bought at an average price of $13.50 per share, with a total value of $347,935.50.
  • On Monday, August 13th, Fund Holdings L.P. Kkr purchased 13,402 shares of KKR & Co Inc Class A stock. The shares were bought at an average price of $13.48 per share, with a total value of $180,658.96.
  • On Monday, August 6th, Fund Holdings L.P. Kkr sold 2,030,892 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $14.18, for a total transaction of $28,798,048.56.
  • On Thursday, August 2nd, Fund Holdings L.P. Kkr sold 1,742,007 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $38.26, for a total transaction of $66,649,187.82.
  • On Monday, July 30th, Fund Holdings L.P. Kkr sold 11,452,321 shares of KKR & Co Inc Class A stock. The stock was sold at an average price of $38.26, for a total transaction of $438,165,801.46.

NYSE:KKR traded up $0.15 during trading hours on Monday, hitting $25.55. The stock had a trading volume of 3,506,400 shares, compared to its average volume of 4,057,630. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.90 and a quick ratio of 0.90. KKR & Co Inc Class A has a one year low of $18.05 and a one year high of $27.95. The company has a market cap of $13.50 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.31 and a beta of 1.67.

KKR & Co Inc Class A (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 26th. The asset manager reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $391.74 million. During the same period last year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that KKR & Co Inc Class A will post 1.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Monday, August 6th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, August 3rd. KKR & Co Inc Class A’s payout ratio is 28.57%.

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new position in KKR & Co Inc Class A in the 2nd quarter valued at $102,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of KKR & Co Inc Class A during the 2nd quarter worth $137,000. Lee Financial Co bought a new stake in shares of KKR & Co Inc Class A during the 1st quarter worth $140,000. First American Trust FSB bought a new stake in shares of KKR & Co Inc Class A during the 2nd quarter worth $205,000. Finally, Clearwater Capital Advisors LLC bought a new stake in shares of KKR & Co Inc Class A during the 1st quarter worth $169,000. 62.00% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on KKR shares. Credit Suisse Group raised their price target on shares of KKR & Co Inc Class A from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Zacks Investment Research lowered shares of KKR & Co Inc Class A from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price objective on shares of KKR & Co Inc Class A in a research note on Friday, July 27th. Morgan Stanley lifted their price objective on shares of KKR & Co Inc Class A from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. Finally, Wells Fargo & Co lifted their price objective on shares of KKR & Co Inc Class A from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. KKR & Co Inc Class A has a consensus rating of “Buy” and a consensus price target of $29.75.

About KKR & Co Inc Class A

KKR & Co L.P. 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, and middle market investments.

Further Reading: Technical Analysis

Insider Buying and Selling by Quarter for KKR & Co Inc Class A (NYSE:KKR)

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