KKR & Co. Inc. (NYSE:KKR) Given Average Rating of “Moderate Buy” by Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $99.43.

KKR has been the topic of several analyst reports. Jefferies Financial Group cut their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. TD Cowen lowered their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $116.00 price objective on shares of KKR & Co. Inc. in a report on Friday, June 21st. Finally, StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th.

KKR & Co. Inc. Trading Up 1.4 %

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

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

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now 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. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in KKR & Co. Inc. by 65.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 452 shares of the asset manager’s stock worth $48,000 after purchasing an additional 179 shares during the last quarter. GAMMA Investing LLC lifted its holdings in KKR & Co. Inc. by 3.0% during the 2nd quarter. GAMMA Investing LLC now owns 7,818 shares of the asset manager’s stock worth $823,000 after purchasing an additional 225 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in KKR & Co. Inc. by 8.9% during the 2nd quarter. Transcend Capital Advisors LLC now owns 8,321 shares of the asset manager’s stock worth $876,000 after purchasing an additional 677 shares during the last quarter. Objective Capital Management LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $237,000. Finally, Soltis Investment Advisors LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $5,467,000. 76.26% of the stock is owned by institutional investors and hedge funds.

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.