KKR & Co. Inc. (NYSE:KKR) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a sell (d+) rating to a hold (c-) rating in a report published on Saturday morning,Weiss Ratings reports.

KKR has been the subject of a number of other reports. Citizens Jmp cut KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a report on Monday, July 14th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 4th. Oppenheimer dropped their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Finally, JMP Securities reissued a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

KKR & Co. Inc. Trading Up 0.9%

KKR & Co. Inc. stock opened at $122.32 on Friday. The business has a 50 day moving average price of $133.55 and a two-hundred day moving average price of $129.81. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $108.98 billion, a price-to-earnings ratio of 56.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.91. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same quarter in the prior year, the firm posted $1.09 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total value of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of the company. Southeast Asset Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after purchasing an additional 68 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of KKR & Co. Inc. by 13.9% in the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 72 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.0% in the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after purchasing an additional 75 shares in the last quarter. Berbice Capital Management LLC increased its position in shares of KKR & Co. Inc. by 3.5% in the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after acquiring an additional 75 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock valued at $317,000 after acquiring an additional 84 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

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.