Scott Nuttall Purchases 125,000 Shares of KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) CEO Scott Nuttall bought 125,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the purchase, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

KKR & Co. Inc. Stock Performance

KKR traded up $1.01 on Wednesday, hitting $103.56. 5,653,444 shares of the company traded hands, compared to its average volume of 6,504,130. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $153.87. The company has a 50 day moving average of $122.52 and a 200-day moving average of $127.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $92.31 billion, a PE ratio of 44.26, a PEG ratio of 0.79 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the company earned $1.32 EPS. KKR & Co. Inc.’s revenue for the quarter was up 76.1% compared to the same quarter last year. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KKR. Barclays reduced their price objective on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group dropped their price objective on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Wednesday, January 28th. Finally, Morgan Stanley dropped their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.57.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KKR. Covenant Asset Management LLC grew its position in KKR & Co. Inc. by 1,424.8% in the 3rd quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after purchasing an additional 27,870 shares during the last quarter. Stonegate Investment Group LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $6,219,000. Allen Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 165.0% in the third quarter. Allen Investment Management LLC now owns 247,375 shares of the asset manager’s stock worth $32,146,000 after buying an additional 154,009 shares during the period. Generali Asset Management SPA SGR raised its position in KKR & Co. Inc. by 132.5% during the third quarter. Generali Asset Management SPA SGR now owns 37,323 shares of the asset manager’s stock valued at $4,850,000 after buying an additional 21,270 shares during the period. Finally, California Public Employees Retirement System boosted its position in KKR & Co. Inc. by 5.8% during the 2nd quarter. California Public Employees Retirement System now owns 1,145,391 shares of the asset manager’s stock worth $152,371,000 after acquiring an additional 62,566 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

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.