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

KKR & Co. Inc. (NYSE:KKR) has received an average recommendation of “Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $149.43.

KKR has been the topic of several recent analyst reports. HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their target price for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods increased their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Morgan Stanley raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th.

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the sale, the chairman now owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Henry R. Kravis sold 130,925 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares of the company’s stock, valued at approximately $8,882,642,696.74. This trade represents a 0.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last quarter. 39.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in KKR. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $26,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $34,000. Saudi Central Bank purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth $28,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $36,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.6%

KKR opened at $125.23 on Friday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $115.24 and its 200-day moving average price is $132.02. The company has a market cap of $111.54 billion, a P/E ratio of 37.61, a P/E/G ratio of 1.00 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.