KKR & Co. Inc. (NYSE:KKR) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a sell rating in a research report released on Wednesday morning.

Other research analysts also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. TD Cowen increased their price objective on shares of KKR & Co. Inc. to $144.00 and gave the company a buy rating in a research report on Thursday, April 11th. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an overweight rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods restated an outperform rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an overweight rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $90.64.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $96.77 on Wednesday. The stock has a market cap of $85.64 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The firm’s 50-day simple moving average is $97.61 and its two-hundred day simple moving average is $82.81.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Analysts anticipate that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. KKR & Co. Inc.’s payout ratio is 16.18%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. AE Wealth Management LLC grew its position in KKR & Co. Inc. by 1.2% during the 3rd quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock worth $878,000 after purchasing an additional 168 shares during the last quarter. Global Retirement Partners LLC grew its position in KKR & Co. Inc. by 14.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,812 shares of the asset manager’s stock worth $108,000 after purchasing an additional 226 shares during the last quarter. SG Americas Securities LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $493,000. Exchange Traded Concepts LLC grew its position in KKR & Co. Inc. by 14,032.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,957 shares of the asset manager’s stock worth $244,000 after purchasing an additional 3,929 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its position in KKR & Co. Inc. by 66.2% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 247,459 shares of the asset manager’s stock worth $15,243,000 after purchasing an additional 98,560 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.