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

KKR & Co. Inc. (NYSE:KKR) has received an average rating of “Buy” from the sixteen research firms that are covering the firm, Marketbeat reports. Fourteen investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $149.43.

A number of equities analysts have issued reports on the company. Barclays upped their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a report on Friday, April 4th. TD Cowen reduced 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. 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 upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and cut their price target for the stock from $170.00 to $119.00 in a report on Tuesday, April 15th.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the transaction, the insider now owns 13,260,971 shares of the company’s stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director now owns 185,000 shares in the company, valued at approximately $21,815,200. This represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager’s stock worth $6,654,245,000 after buying an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in KKR & Co. Inc. by 14.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager’s stock valued at $2,206,042,000 after acquiring an additional 2,391,434 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock worth $2,073,624,000 after acquiring an additional 458,048 shares in the last quarter. FMR LLC lifted its holdings in shares of KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock worth $1,775,421,000 after acquiring an additional 752,056 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $1,435,314,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 0.6%

NYSE KKR opened at $125.23 on Friday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a fifty day moving average price of $115.24 and a two-hundred day moving average price of $132.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $111.54 billion, a PE ratio of 37.61, a PEG ratio of 1.00 and a beta of 1.89.

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

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a $0.185 dividend. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. The ex-dividend date of this dividend was Monday, May 12th. KKR & Co. Inc.’s payout ratio is 31.22%.

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.