KKR & Co. Inc. (NYSE:KKR) Short Interest Update

KKR & Co. Inc. (NYSE:KKR - Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 9,580,000 shares, a decrease of 13.5% from the February 13th total of 11,080,000 shares. Approximately 1.8% of the company's shares are short sold. Based on an average daily volume of 4,850,000 shares, the short-interest ratio is presently 2.0 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KKR shares. Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $150.00 to $141.00 in a research note on Thursday. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 30th. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods lowered their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Morgan Stanley lowered their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Remove Ads

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $0.17 on Friday, hitting $116.54. The stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,382,648. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40. 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 stock has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.00 and a beta of 1.72. The company's 50 day moving average price is $139.07 and its 200 day moving average price is $141.64.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is currently 21.02%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 39.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $36,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.