KKR & Co. Inc. (NYSE:KKR) Hits New 1-Year Low – What’s Next?

KKR & Co. Inc. (NYSE:KKR)’s share price hit a new 52-week low on Thursday . The company traded as low as $83.42 and last traded at $83.4250, with a volume of 2347675 shares. The stock had previously closed at $87.13.

Wall Street Analyst Weigh In

Several research firms have commented on KKR. Royal Bank Of Canada assumed coverage on KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective on the stock. UBS Group decreased their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, February 20th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research note on Wednesday, January 28th. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.80.

KKR & Co. Inc. Stock Up 2.5%

The stock has a market capitalization of $76.65 billion, a P/E ratio of 36.74, a P/E/G ratio of 0.61 and a beta of 2.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $109.11 and its 200 day simple moving average is $122.01.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Insider Activity at KKR & Co. Inc.

In other news, CEO Joseph Y. Bae purchased 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott C. Nuttall acquired 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently made changes to their positions in KKR. Norges Bank bought a new position in KKR & Co. Inc. during the fourth quarter worth $1,715,929,000. Strive Asset Management LLC acquired a new position in KKR & Co. Inc. in the third quarter worth $535,907,000. Viking Global Investors LP bought a new stake in KKR & Co. Inc. during the third quarter valued at $352,038,000. Farallon Capital Management LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at $257,216,000. Finally, Close Asset Management Ltd raised its holdings in shares of KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after purchasing an additional 1,479,688 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.