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

Shares of KKR & Co. Inc. (NYSE:KKR) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $128.0833.

KKR has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets cut their price target on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Barclays increased their price target on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Royal Bank Of Canada decreased their price objective on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday.

Insider Activity

In other news, EVP Yael Cosset sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the completion of the transaction, the executive vice president owned 127,868 shares of the company’s stock, valued at approximately $7,518,638.40. The trade was a 19.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.20% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently bought and sold shares of the business. Asset Dedication LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. Washington Trust Advisors Inc. bought a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. SouthState Bank Corp boosted its holdings in shares of KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth $29,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Up 3.7%

Shares of NYSE KKR opened at $99.48 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $153.87. The stock has a market capitalization of $89.32 billion, a P/E ratio of 33.84, a PEG ratio of 0.81 and a beta of 1.79. The stock’s fifty day moving average is $95.30 and its 200 day moving average is $100.44.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The business had revenue of $5.74 billion during the quarter. Sell-side analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.195 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is 26.53%.

About KKR & Co. Inc.

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.