KKR & Co. Inc. (NYSE:KKR) Hits New 12-Month High - Here's What Happened

KKR & Co. Inc. (NYSE:KKR - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $161.53 and last traded at $161.27, with a volume of 3210581 shares trading hands. The stock had previously closed at $158.94.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Argus raised KKR & Co. Inc. to a "strong-buy" rating in a research note on Thursday, August 1st. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Barclays raised their price objective on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.14.

KKR & Co. Inc. Price Performance

The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $140.99 and a two-hundred day moving average price of $122.33. The firm has a market cap of $142.14 billion, a P/E ratio of 49.02, a PEG ratio of 1.26 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period last year, the business posted $0.73 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company's stock, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company's stock, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in shares of KKR & Co. Inc. by 118.5% in the first quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager's stock valued at $1,318,000 after buying an additional 7,107 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of KKR & Co. Inc. by 0.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager's stock valued at $1,990,000 after purchasing an additional 186 shares during the last quarter. Comerica Bank raised its position in shares of KKR & Co. Inc. by 17.6% in the first quarter. Comerica Bank now owns 35,249 shares of the asset manager's stock valued at $3,545,000 after purchasing an additional 5,271 shares during the period. LBP AM SA lifted its stake in shares of KKR & Co. Inc. by 38.5% during the 1st quarter. LBP AM SA now owns 9,228 shares of the asset manager's stock worth $928,000 after buying an additional 2,565 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of KKR & Co. Inc. during the 1st quarter worth about $309,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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.