Kkr’s co-executive chairman Kravis sells $153.76 million in stock

Published 03/06/2025, 02:26
Kkr’s co-executive chairman Kravis sells $153.76 million in stock

Henry R. Kravis, Co-Executive Chairman of KKR & Co. Inc. (NYSE:KKR), has reported selling a substantial portion of the company’s common stock. On June 2, 2025, Kravis sold a total of 1,280,394 shares, amounting to approximately $153.76 million. The shares were sold at prices ranging from $119.80 to $121.67 per share.

Following these transactions, Kravis holds 73,006,022 shares directly. Additionally, he maintains indirect ownership in various entities, including limited partnerships and a grantor retained annuity trust, with total indirect holdings of several million shares. The sales align with Kravis’s stated intention to use proceeds for personal investments, expenses, and charitable purposes. According to InvestingPro, KKR maintains a GOOD financial health score, with analysts setting price targets ranging from $127 to $189.

This filing indicates Kravis’s ongoing involvement and strategic financial planning, as he may sell up to an additional 1.5 million shares of KKR’s common stock within the year. The company has maintained dividend payments for 16 consecutive years, with a current yield of 0.61%. For deeper insights into KKR’s valuation and financial metrics, access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, KKR & Co. Inc. reported strong financial results for the first quarter of 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $1.15, surpassing the projected $1.13. The company also reported revenue of $3.11 billion, significantly outperforming the anticipated $1.71 billion. In addition to their earnings report, KKR announced the launch of a subordinated notes offering due in 2065, aimed at raising capital for general corporate purposes. This offering is being managed by a consortium of financial institutions, including Wells Fargo (NYSE:WFC) and Morgan Stanley (NYSE:MS). Furthermore, Morgan Stanley upgraded KKR’s stock rating to Overweight and increased the price target to $150, citing favorable macroeconomic conditions. The firm’s analysts also revised their 2026 EPS estimates for KKR upward by 4.5%. These recent developments highlight KKR’s strategic financial maneuvers and positive market outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.