KKR & Co. Inc. (NYSE:KKR) Sees Large Drop in Short Interest

KKR & Co. Inc. (NYSE:KKR) was the target of 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 shares of the stock are short sold. Based on an average daily trading volume, of 4,850,000 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Barclays decreased their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upgraded shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $150.00 to $141.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

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

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $116.71 on Friday. The business has a 50-day moving average price of $139.55 and a two-hundred day moving average price of $141.36. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year 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 company has a market cap of $103.66 billion, a P/E ratio of 35.05, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

KKR & Co. Inc. Company Profile

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.