KKR & Co. Inc. (NYSE:KKR) Short Interest Up 12.7% in June

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

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s 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 completion of the sale, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

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. Ramirez Asset Management Inc. acquired a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $62,000. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after purchasing an additional 475,118 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at $58,000. Wellington Management Group LLP lifted its position in KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after buying an additional 3,794,837 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of KKR & Co. Inc. by 11.7% during the 3rd quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock worth $5,726,000 after buying an additional 9,763 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Trading Down 0.5 %

NYSE:KKR traded down $0.49 during trading hours on Monday, hitting $104.75. The stock had a trading volume of 2,074,171 shares, compared to its average volume of 5,160,663. The business’s 50 day moving average is $103.26 and its 200-day moving average is $95.76. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $92.96 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 0.92 and a beta of 1.62. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million during the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.04 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. JMP Securities boosted their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock 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 note on Tuesday, June 11th. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, Barclays raised their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.43.

About KKR & Co. Inc.

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.