KKR & Co. Inc. (NYSE:KKR) Receives Average Recommendation of “Buy” from Analysts

KKR & Co. Inc. (NYSE:KKR) has received an average recommendation of “Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. Fourteen investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $149.14.

Several analysts recently weighed in on KKR shares. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. JMP Securities lowered their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th.

KKR & Co. Inc. Trading Up 0.2%

Shares of KKR opened at $125.87 on Monday. The firm has a market capitalization of $112.10 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.00 and a beta of 1.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. The company has a 50-day moving average of $112.21 and a 200 day moving average of $135.63.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.22%.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Scully acquired 13,250 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the purchase, the director now directly owns 13,250 shares of the company’s stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

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