KKR & Co. Inc. (NYSE:KKR) Short Interest Down 13.5% in February

KKR & Co. Inc. (NYSE:KKR) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,580,000 shares, a drop of 13.5% from the February 13th total of 11,080,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 4,850,000 shares, the short-interest ratio is currently 2.0 days.

KKR & Co. Inc. Trading Up 2.3 %

Shares of KKR & Co. Inc. stock opened at $116.68 on Thursday. The stock has a market cap of $103.64 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.00 and a beta of 1.72. The stock’s 50 day simple moving average is $140.18 and its 200-day simple moving average is $141.53. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KKR shares. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Barclays cut their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley lowered their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price objective on KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.43.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KKR. Norges Bank acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. Nuveen Asset Management LLC raised its position in KKR & Co. Inc. by 106.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $325,752,000. Proficio Capital Partners LLC lifted its stake in KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after purchasing an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $218,918,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.