Insider Selling: KKR & Co Inc (KKR) General Counsel Sells 100,000 Shares of Stock

KKR & Co Inc (NYSE:KKR) General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total value of $2,415,000.00. Following the sale, the general counsel now owns 107,072 shares in the company, valued at approximately $2,585,788.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of KKR & Co Inc stock traded up $0.45 on Friday, reaching $24.67. 2,401,489 shares of the stock were exchanged, compared to its average volume of 3,916,235. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.94. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $28.73. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 3.42 and a beta of 1.66.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. KKR & Co Inc had a return on equity of 6.42% and a net margin of 48.08%. The firm had revenue of $397.26 million during the quarter, compared to the consensus estimate of $370.51 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that KKR & Co Inc will post 1.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 10th. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.

Institutional investors have recently added to or reduced their stakes in the stock. Legacy Advisors LLC acquired a new stake in shares of KKR & Co Inc during the first quarter worth about $29,000. First Bank & Trust acquired a new position in KKR & Co Inc in the fourth quarter valued at approximately $28,000. Westside Investment Management Inc. acquired a new position in KKR & Co Inc in the fourth quarter valued at approximately $39,000. Truvestments Capital LLC acquired a new position in KKR & Co Inc in the first quarter valued at approximately $49,000. Finally, Arrow Financial Corp acquired a new position in KKR & Co Inc in the first quarter valued at approximately $49,000. 73.05% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on KKR shares. Zacks Investment Research lowered KKR & Co Inc from a “hold” rating to a “sell” rating in a research note on Wednesday, January 9th. Goldman Sachs Group lowered KKR & Co Inc from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. Morgan Stanley set a $22.00 price target on KKR & Co Inc and gave the stock a “hold” rating in a research note on Friday, January 4th. Finally, Sanford C. Bernstein lowered KKR & Co Inc from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. KKR & Co Inc has an average rating of “Buy” and a consensus price target of $30.03.

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KKR & Co Inc Company Profile

KKR & Co L.P. 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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