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

Shares of KKR & Co. Inc. (NYSE:KKR) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $160.79.

Several equities research analysts recently weighed in on the company. HSBC lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th.

KKR & Co. Inc. Stock Performance

KKR opened at $114.90 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $102.06 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The stock has a 50-day moving average of $136.07 and a 200-day moving average of $141.52. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the fourth quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $34,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.