KKR & Co. Inc. (NYSE:KKR) Sees Significant Decline in Short Interest

KKR & Co. Inc. (NYSE:KKRGet Rating) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 9,440,000 shares, a decrease of 26.0% from the May 15th total of 12,760,000 shares. Based on an average daily volume of 3,670,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.7% of the shares of the stock are sold short.

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of KKR & Co. Inc. from $78.00 to $71.00 and set an “equal weight” rating for the company in a report on Wednesday, April 20th. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $83.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. TheStreet lowered shares of KKR & Co. Inc. from a “b” rating to a “c+” rating in a report on Tuesday, May 3rd. The Goldman Sachs Group cut shares of KKR & Co. Inc. from a “buy” rating to a “neutral” rating in a research note on Sunday, May 1st. Finally, JMP Securities decreased their price target on shares of KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $80.45.

KKR stock traded up $0.13 during midday trading on Friday, reaching $45.19. The company’s stock had a trading volume of 315,033 shares, compared to its average volume of 2,686,810. KKR & Co. Inc. has a 52 week low of $44.28 and a 52 week high of $83.90. The stock has a market cap of $26.78 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.82 and a beta of 1.47. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $53.04 and its 200-day simple moving average is $61.23.

KKR & Co. Inc. (NYSE:KKRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The asset manager reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.21. KKR & Co. Inc. had a net margin of 23.19% and a return on equity of 7.82%. The firm had revenue of $943.02 million for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts forecast that KKR & Co. Inc. will post 3.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were issued a $0.155 dividend. The ex-dividend date of this dividend was Friday, May 13th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 1.37%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 13.69%.

In related news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total value of $82,917,500.00. Following the completion of the transaction, the insider now owns 10,000,000 shares of the company’s stock, valued at $195,100,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of KKR. HighTower Advisors LLC raised its holdings in KKR & Co. Inc. by 65.8% in the third quarter. HighTower Advisors LLC now owns 46,276 shares of the asset manager’s stock worth $2,811,000 after purchasing an additional 18,367 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of KKR & Co. Inc. by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,340,633 shares of the asset manager’s stock worth $81,620,000 after acquiring an additional 33,865 shares during the period. Voya Investment Management LLC raised its holdings in shares of KKR & Co. Inc. by 0.7% during the third quarter. Voya Investment Management LLC now owns 89,019 shares of the asset manager’s stock worth $5,419,000 after acquiring an additional 583 shares during the period. Mariner LLC raised its holdings in shares of KKR & Co. Inc. by 113.0% during the third quarter. Mariner LLC now owns 27,048 shares of the asset manager’s stock worth $1,647,000 after acquiring an additional 14,349 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of KKR & Co. Inc. by 9.4% during the third quarter. Royal Bank of Canada now owns 364,777 shares of the asset manager’s stock worth $22,207,000 after acquiring an additional 31,245 shares during the period.

KKR & Co. Inc. Company Profile (Get Rating)

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.

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