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

KKR & Co. Inc. (NYSE:KKR) has received an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $149.14.

Several research analysts have recently weighed in on KKR shares. Bank of America decreased their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Citigroup decreased their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, HSBC upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th.

KKR & Co. Inc. Trading Up 0.2%

NYSE KKR opened at $125.87 on Monday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $112.21 and its 200-day moving average price is $135.63. The stock has a market cap of $112.10 billion, a P/E ratio of 37.80, a P/E/G ratio of 1.00 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business earned $0.97 EPS. KKR & Co. Inc.’s revenue was down 67.8% compared to the same quarter last year. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a $0.185 dividend. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.’s payout ratio is presently 31.22%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Robert W. Scully purchased 13,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director now owns 13,250 shares in the company, valued at approximately $1,503,742.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently bought and sold shares of the business. Woodline Partners LP boosted its holdings in shares of KKR & Co. Inc. by 40.7% in the 1st quarter. Woodline Partners LP now owns 57,032 shares of the asset manager’s stock worth $6,593,000 after purchasing an additional 16,492 shares during the period. Logan Capital Management Inc. boosted its stake in KKR & Co. Inc. by 16.5% during the first quarter. Logan Capital Management Inc. now owns 56,648 shares of the asset manager’s stock worth $6,549,000 after buying an additional 8,014 shares during the period. MBB Public Markets I LLC bought a new position in KKR & Co. Inc. during the first quarter valued at $313,000. Ascent Group LLC purchased a new stake in shares of KKR & Co. Inc. in the first quarter valued at $282,000. Finally, Great Lakes Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 66.0% during the 1st quarter. Great Lakes Advisors LLC now owns 3,094 shares of the asset manager’s stock worth $358,000 after purchasing an additional 1,230 shares during the period. Institutional investors own 76.26% of the company’s stock.

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.