Insider Buying: KKR & Co. Inc. (NYSE:KKR) Major Shareholder Acquires $129,330,577.74 in Stock

KKR & Co. Inc. (NYSE:KKR) major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kkr Group Partnership L.P. also recently made the following trade(s):

• On Thursday, July 25th, Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $122.80 on Monday. The company has a market capitalization of $108.98 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.99 and a beta of 1.62. The business has a fifty day simple moving average of $116.66 and a two-hundred day simple moving average of $106.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $0.58 EPS. On average, analysts expect that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. Norges Bank bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $649,798,000. Winslow Capital Management LLC purchased a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $344,354,000. GQG Partners LLC bought a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $217,004,000. Finally, Canada Pension Plan Investment Board lifted its stake in KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KKR has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on KKR & Co. Inc. in a report on Thursday. They issued an “equal weight” rating and a $130.00 target price on the stock. TD Cowen lifted their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JMP Securities increased their target price on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $126.86.

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.