Robert W. Scully Acquires 13,250 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) Director Robert W. Scully acquired 13,250 shares of the company’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR opened at $117.96 on Friday. The company has a market capitalization of $104.78 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.00 and a beta of 1.91. The firm’s 50 day simple moving average is $111.06 and its 200 day simple moving average is $136.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was down 67.8% compared to the same quarter last year. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Analyst Ratings Changes

KKR has been the subject of a number of analyst reports. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in KKR & Co. Inc. by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after purchasing an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock valued at $2,073,624,000 after purchasing an additional 458,048 shares in the last quarter. FMR LLC raised its holdings in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after buying an additional 752,056 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $1,435,314,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.