Rep. Josh Gottheimer Sells Off Shares of KKR & Co. Inc. (NYSE:KKR)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of KKR & Co. Inc. NYSE: KKR. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in KKR & Co. Inc. stock on October 17th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock traded up $1.49 during trading hours on Friday, reaching $152.20. The stock had a trading volume of 3,253,489 shares, compared to its average volume of 4,303,215. The stock's 50 day moving average is $132.24 and its 200 day moving average is $116.81. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $62.24 and a twelve month high of $153.51. The firm has a market capitalization of $135.07 billion, a PE ratio of 46.31, a PEG ratio of 1.13 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The company had revenue of $4.79 billion during 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 5.86%. During the same quarter in the previous year, the firm earned $0.73 EPS. Equities analysts expect that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be given a dividend of $0.175 per share. The ex-dividend date is Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.46%. KKR & Co. Inc.'s dividend payout ratio is presently 21.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Oppenheimer increased their target price on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Citigroup lifted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Barclays increased their target price on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.64.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KKR. Janney Montgomery Scott LLC lifted its stake in KKR & Co. Inc. by 6.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager's stock worth $10,113,000 after acquiring an additional 6,406 shares in the last quarter. Sei Investments Co. boosted its stake in shares of KKR & Co. Inc. by 19.9% in the first quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager's stock valued at $104,355,000 after purchasing an additional 171,902 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of KKR & Co. Inc. by 42.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager's stock valued at $4,206,000 after purchasing an additional 12,504 shares in the last quarter. Swedbank AB increased its stake in KKR & Co. Inc. by 33.5% during the 2nd quarter. Swedbank AB now owns 65,432 shares of the asset manager's stock worth $6,886,000 after buying an additional 16,424 shares during the period. Finally, XTX Topco Ltd lifted its holdings in KKR & Co. Inc. by 116.8% during the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager's stock worth $3,117,000 after buying an additional 15,959 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.