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

KKR & Co. Inc. (NYSE:KKR) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 13,167,135 shares, a growth of 21.1% from the March 15th total of 10,874,540 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 6,902,850 shares, the short-interest ratio is currently 1.9 days.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Joseph Y. Bae bought 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the transaction, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matt Cohler bought 43,872 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the transaction, the director directly owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 393,872 shares of company stock worth $40,090,679. Company insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. SteelPeak Wealth LLC grew its position in shares of KKR & Co. Inc. by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after buying an additional 80 shares during the last quarter. Diversified Trust Co. grew its position in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after buying an additional 82 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of KKR & Co. Inc. by 4.9% in the 4th quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock worth $228,000 after buying an additional 84 shares during the last quarter. Sound Income Strategies LLC boosted its stake in KKR & Co. Inc. by 9.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock worth $143,000 after purchasing an additional 90 shares in the last quarter. Finally, Cornerstone Advisory LLC boosted its stake in KKR & Co. Inc. by 3.0% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock worth $414,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Up 1.5%

Shares of KKR & Co. Inc. stock opened at $103.53 on Friday. The firm’s 50 day moving average price is $94.37 and its 200-day moving average price is $113.58. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $153.87. The company has a market cap of $92.31 billion, a P/E ratio of 44.25, a PEG ratio of 0.85 and a beta of 1.93.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s payout ratio is presently 31.62%.

Analyst Ratings Changes

A number of research analysts have commented on KKR shares. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. UBS Group cut their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price on the stock. TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their target price for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Finally, Piper Sandler cut their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $138.07.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.