KKR & Co Inc (NYSE:KKR) Given Average Recommendation of “Hold” by Analysts
KKR & Co Inc (NYSE:KKR) has received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $29.26.
KKR has been the subject of a number of recent analyst reports. ValuEngine raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the company a “buy” rating in a report on Friday, July 26th. Wells Fargo & Co lifted their price objective on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday. Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, May 21st. Finally, Barclays started coverage on shares of KKR & Co Inc in a research note on Monday, August 5th. They set an “equal weight” rating and a $29.00 target price for the company.
NYSE KKR traded up $0.47 on Friday, reaching $28.52. 591,300 shares of the company’s stock traded hands, compared to its average volume of 2,400,881. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 7.85 and a beta of 1.66. The stock has a 50 day moving average price of $25.73 and a 200-day moving average price of $24.51. KKR & Co Inc has a fifty-two week low of $18.30 and a fifty-two week high of $28.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.09 and a current ratio of 1.09.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. KKR & Co Inc’s dividend payout ratio is currently 25.91%.
In other news, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.52, for a total transaction of $279,255,192.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the sale, the general counsel now directly owns 73,528 shares of the company’s stock, valued at approximately $1,925,698.32. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in KKR & Co Inc by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 3,646,338 shares of the asset manager’s stock worth $71,577,000 after buying an additional 180,248 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of KKR & Co Inc during the 1st quarter worth approximately $1,180,000. California Public Employees Retirement System increased its holdings in shares of KKR & Co Inc by 11.5% during the 1st quarter. California Public Employees Retirement System now owns 870,598 shares of the asset manager’s stock worth $20,450,000 after acquiring an additional 89,836 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of KKR & Co Inc by 60.3% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 15,833 shares of the asset manager’s stock worth $372,000 after acquiring an additional 5,957 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV acquired a new position in shares of KKR & Co Inc during the 1st quarter worth approximately $823,000. 76.93% of the stock is owned by institutional investors.
About KKR & Co Inc
KKR & Co L.P. 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.
Featured Story: Convertible Shares
Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.