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

Shares of KKR & Co. Inc. (NYSE:KKRGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $94.50.

KKR has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JMP Securities raised their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. StockNews.com cut KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Barclays boosted their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd.

Read Our Latest Research Report on KKR

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the purchase, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders sold a total of 48,800,000 shares of company stock worth $1,813,406,000 over the last quarter. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $43,000. Ramirez Asset Management Inc. acquired a new stake in KKR & Co. Inc. during the third quarter worth about $62,000. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after buying an additional 475,118 shares in the last quarter. CoreFirst Bank & Trust bought a new position in KKR & Co. Inc. in the 3rd quarter valued at about $58,000. Finally, Wellington Management Group LLP raised its position in shares of KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after buying an additional 3,794,837 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Down 1.0 %

KKR stock opened at $102.84 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $91.26 billion, a P/E ratio of 23.06, a P/E/G ratio of 0.89 and a beta of 1.62. KKR & Co. Inc. has a fifty-two week low of $50.69 and a fifty-two week high of $108.00. The business has a 50-day moving average of $99.96 and a 200-day moving average of $90.93.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

About KKR & Co. Inc.

(Get Free Report

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.

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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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