KKR & Co. Inc. (NYSE:KKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $99.43.

A number of analysts have issued reports on KKR shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $116.00 target price on shares of KKR & Co. Inc. in a research report on Friday, June 21st. TD Cowen decreased their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Barclays raised their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $105.95 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $103.62 and a 200 day moving average of $96.07. KKR & Co. Inc. has a 12 month low of $52.95 and a 12 month high of $113.91. The company has a market capitalization of $94.02 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.66%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the sale, the insider now owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in KKR. Ramirez Asset Management Inc. purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $62,000. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after buying an additional 475,118 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $58,000. Wellington Management Group LLP increased its holdings in shares of KKR & Co. Inc. by 297.0% in the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after buying an additional 3,794,837 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of KKR & Co. Inc. by 11.7% in the third quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock worth $5,726,000 after buying an additional 9,763 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.