KKR & Co. Inc. (NYSE:KKR) Raised to Sell at StockNews.com

StockNews.com upgraded shares of KKR & Co. Inc. (NYSE:KKR) to a sell rating in a research note issued to investors on Tuesday.

KKR has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. TD Cowen lifted their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a buy rating in a research report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an outperform rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $122.77.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $115.78 on Tuesday. The firm has a 50-day moving average of $110.65 and a 200-day moving average of $102.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $102.74 billion, a PE ratio of 25.96, a P/E/G ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.58 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Monday, August 12th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in KKR & Co. Inc. by 1.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 99,431 shares of the asset manager’s stock worth $10,464,000 after acquiring an additional 1,876 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of KKR & Co. Inc. by 28.7% in the 2nd quarter. Gabelli Funds LLC now owns 1,089,209 shares of the asset manager’s stock valued at $114,628,000 after purchasing an additional 243,166 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of KKR & Co. Inc. by 63.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 14,153 shares of the asset manager’s stock valued at $1,489,000 after purchasing an additional 5,507 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $238,000. Finally, ProShare Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $14,223,000. 76.26% of the stock is owned by institutional investors.

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.