KKR & Co. Inc.’s (KKR) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of KKR & Co. Inc. (NYSE:KKR) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $134.00 target price on the asset manager’s stock.

KKR has been the subject of a number of other research reports. Evercore dropped their price objective on KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 13th. BMO Capital Markets reduced their target price on KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Rothschild & Co Redburn boosted their target price on KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. UBS Group decreased their target price on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Finally, BNP Paribas Exane lowered their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $123.32.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $97.13 on Tuesday. The firm has a fifty day moving average of $95.30 and a two-hundred day moving average of $97.87. The stock has a market capitalization of $86.65 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 0.77 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 6.33% and a net margin of 16.38%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company earned $1.41 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 7.32 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.1950 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s payout ratio is 22.74%.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Silvant Capital Management LLC bought a new stake in shares of KKR & Co. Inc. in the second quarter worth about $34,000. Compass Financial Management LLC raised its position in shares of KKR & Co. Inc. by 133.9% during the third quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after purchasing an additional 233 shares during the period. Joseph Group Capital Management lifted its holdings in shares of KKR & Co. Inc. by 29.4% during the 3rd quarter. Joseph Group Capital Management now owns 471 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 107 shares in the last quarter. Silver Grove Financial Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 34.3% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 466 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 119 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of KKR & Co. Inc. during the 1st quarter valued at about $46,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. News Summary

Here’s some of the latest news about KKR:

• Positive Sentiment: Piper Sandler raised its price target to $125 and maintained an Overweight rating; Morgan Stanley also raised its target, while RBC reaffirmed Outperform. These calls signal continued analyst confidence in KKR’s prospects. Piper Sandler raises KKR price target
• Neutral Sentiment: KKR set a goal to hire 250,000 veterans and military spouses across its portfolio by 2040. The commitment may support portfolio-company recruiting and KKR’s reputation, but is not an immediate financial catalyst. KKR veteran hiring commitment
• Negative Sentiment: Oppenheimer issued a pessimistic forecast for KKR shares, adding a counterpoint to the recent analyst target increases. The report details provided do not specify its rationale or target. Oppenheimer issues pessimistic forecast for KKR

KKR & Co. Inc. Company Profile

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.