KKR & Co. Inc. (NYSE:KKR – Get Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.155 per share by the asset manager on Tuesday, May 31st. This represents a $0.62 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, May 13th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.15.
KKR & Co. Inc. has decreased its dividend by an average of 3.5% per year over the last three years and has increased its dividend every year for the last 3 years. KKR & Co. Inc. has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $4.42 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 14.0%.
KKR stock opened at $51.16 on Wednesday. The firm has a market cap of $29.93 billion, a PE ratio of 11.29, a PEG ratio of 2.99 and a beta of 1.47. KKR & Co. Inc. has a 1 year low of $49.48 and a 1 year high of $83.90. The company has a fifty day simple moving average of $55.61 and a 200 day simple moving average of $66.03. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.68.
Several analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $83.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. BMO Capital Markets lowered their target price on KKR & Co. Inc. from $90.00 to $80.00 in a report on Wednesday, May 4th. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $78.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 20th. StockNews.com began coverage on shares of KKR & Co. Inc. in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of KKR & Co. Inc. from $83.00 to $81.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $79.68.
In related news, Director Matt Cohler acquired 8,683 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was bought at an average cost of $58.26 per share, with a total value of $505,871.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.34% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in KKR & Co. Inc. by 0.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,562,847 shares of the asset manager’s stock valued at $265,432,000 after acquiring an additional 26,565 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. California State Teachers Retirement System now owns 945,963 shares of the asset manager’s stock valued at $70,474,000 after purchasing an additional 8,971 shares during the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in shares of KKR & Co. Inc. by 210.3% in the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 33,875 shares of the asset manager’s stock valued at $2,524,000 after purchasing an additional 22,959 shares during the last quarter. MML Investors Services LLC raised its stake in shares of KKR & Co. Inc. by 18.6% during the fourth quarter. MML Investors Services LLC now owns 18,254 shares of the asset manager’s stock worth $1,360,000 after buying an additional 2,864 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $827,000.
KKR & Co. Inc. Company Profile (Get Rating)
KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
- Get a free copy of the StockNews.com research report on KKR & Co. Inc. (KKR)
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