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

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

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded down $2.02 during mid-day trading on Wednesday, hitting $105.20. The company had a trading volume of 6,806,336 shares, compared to its average volume of 6,529,172. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $153.87. The company has a market capitalization of $93.77 billion, a price-to-earnings ratio of 44.96, a P/E/G ratio of 0.92 and a beta of 1.99. The stock’s 50-day moving average price is $126.04 and its 200-day moving average price is $129.63.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly 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). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KKR. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Barclays cut their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research report on Wednesday, January 28th. UBS Group dropped their target price on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, Oppenheimer cut their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.57.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. ESL Trust Services LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $26,000. Asset Dedication LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at $26,000. GGM Financials LLC bought a new position in shares of KKR & Co. Inc. during the third quarter valued at $27,000. Clearstead Trust LLC purchased a new position in shares of KKR & Co. Inc. in the 2nd quarter worth about $28,000. Finally, Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth about $27,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.