KKR & Co. Inc. (NYSE:KKR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.60.

A number of research firms have weighed in on KKR. JMP Securities upped their price objective on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 7th. TD Cowen initiated coverage on shares of KKR & Co. Inc. in a research report on Thursday, January 4th. They issued an “outperform” rating and a $96.00 price objective for the company. Oppenheimer upped their target price on shares of KKR & Co. Inc. from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, December 4th.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $101.07 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a 50-day moving average of $93.43 and a two-hundred day moving average of $77.41. The stock has a market cap of $89.45 billion, a P/E ratio of 24.77, a PEG ratio of 0.87 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, research analysts expect that KKR & Co. Inc. will post 4.63 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.65%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is accessible 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 firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction 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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its holdings in shares of KKR & Co. Inc. by 0.9% in the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager’s stock valued at $1,020,000 after acquiring an additional 114 shares in the last quarter. E&G Advisors LP boosted its holdings in shares of KKR & Co. Inc. by 1.5% in the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 126 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in shares of KKR & Co. Inc. by 4.8% in the fourth quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager’s stock valued at $232,000 after acquiring an additional 128 shares in the last quarter. Cross Staff Investments Inc boosted its holdings in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager’s stock valued at $1,617,000 after acquiring an additional 130 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of KKR & Co. Inc. by 0.3% in the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager’s stock valued at $3,241,000 after acquiring an additional 133 shares in the last quarter. 76.26% of the stock is currently 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.