KKR & Co. Inc. (NYSE:KKR) Sees Large Increase in Short Interest

KKR & Co. Inc. (NYSE:KKR) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 10,874,540 shares, an increase of 23.3% from the February 26th total of 8,819,129 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 9,397,155 shares, the short-interest ratio is presently 1.2 days.

KKR & Co. Inc. Trading Up 2.2%

KKR traded up $1.97 during mid-day trading on Monday, reaching $90.47. The stock had a trading volume of 7,043,367 shares, compared to its average volume of 7,733,588. The firm’s fifty day simple moving average is $99.62 and its two-hundred day simple moving average is $117.95. The stock has a market capitalization of $80.66 billion, a P/E ratio of 38.66, a P/E/G ratio of 0.65 and a beta of 2.01. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KKR. Royal Bank Of Canada assumed coverage on KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target on the stock. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group cut their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Oppenheimer reduced their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Matt Cohler acquired 43,872 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the acquisition, the director owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph Y. Bae bought 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 393,872 shares of company stock worth $40,090,679 in the last three months. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KKR. Berbice Capital Management LLC lifted its holdings in KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares in the last quarter. SteelPeak Wealth LLC increased its stake in shares of KKR & Co. Inc. by 3.2% in the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after purchasing an additional 80 shares in the last quarter. Diversified Trust Co. raised its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after purchasing an additional 82 shares during the period. Modera Wealth Management LLC raised its position in shares of KKR & Co. Inc. by 4.9% during the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 84 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of KKR & Co. Inc. by 9.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after buying an additional 90 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.