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

Shares of KKR & Co. Inc. (NYSE:KKR) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the company, 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 analysts that have issued a report on the stock in the last year is $90.64.

Several research firms recently issued reports on KKR. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Barclays increased their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, April 8th. TD Cowen lifted their price objective on KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company increased their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th.

KKR & Co. Inc. Trading Down 3.1 %

NYSE:KKR opened at $97.29 on Friday. The business’s 50-day moving average is $97.56 and its two-hundred day moving average is $80.90. The firm has a market capitalization of $86.10 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. Research analysts predict that KKR & Co. Inc. will post 4.28 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.’s dividend payout ratio is currently 16.18%.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Global Assets Advisory LLC bought a new position in shares of KKR & Co. Inc. in the first quarter valued at approximately $6,538,000. &PARTNERS acquired a new position in shares of KKR & Co. Inc. during the first quarter valued at approximately $272,000. MJP Associates Inc. ADV bought a new stake in KKR & Co. Inc. during the first quarter worth approximately $550,000. Finally, Gulf International Bank UK Ltd lifted its position in KKR & Co. Inc. by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 49,761 shares of the asset manager’s stock worth $5,004,000 after purchasing an additional 366 shares during the period. 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.