KKR & Co. Inc. (NYSE:KKR) Plans Quarterly Dividend of $0.18

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Investors of record on Monday, November 4th will be given a dividend of 0.175 per share by the asset manager on Tuesday, November 19th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, November 4th.

KKR & Co. Inc. has raised its dividend payment by an average of 7.0% annually over the last three years. KKR & Co. Inc. has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co. Inc. to earn $5.27 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.3%.

KKR & Co. Inc. Stock Down 0.5 %

Shares of NYSE KKR opened at $137.58 on Friday. The stock has a market capitalization of $122.09 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. KKR & Co. Inc. has a 52 week low of $57.49 and a 52 week high of $147.15. The firm has a 50-day moving average price of $130.44 and a 200 day moving average price of $115.54. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.86% and a net margin of 13.21%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KKR. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Barclays raised their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Oppenheimer boosted their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $151.64.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.