KKR & Co. Inc. (NYSE:KKR) Shares Down 8.5% Following Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR)’s stock price traded down 8.5% on Monday after UBS Group lowered their price target on the stock from $168.00 to $125.00. UBS Group currently has a buy rating on the stock. KKR & Co. Inc. traded as low as $92.16 and last traded at $92.6140. 4,196,140 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 6,515,161 shares. The stock had previously closed at $101.18.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, January 28th. Barclays dropped their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Oppenheimer reduced their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.50.

Insider Transactions at KKR & Co. Inc.

In other news, Director Matt Cohler bought 43,872 shares of the stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the acquisition, the director owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Y. Bae acquired 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the transaction, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. This represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 343,872 shares of company stock valued at $35,367,179 in the last three months. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

Large investors have recently modified their holdings of the business. Southeast Asset Advisors LLC grew its stake in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock valued at $2,983,000 after buying an additional 68 shares during the period. Moors & Cabot Inc. boosted its holdings in KKR & Co. Inc. by 1.0% in the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after acquiring an additional 75 shares in the last quarter. Berbice Capital Management LLC boosted its holdings in 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 worth $293,000 after acquiring an additional 75 shares in the last quarter. SteelPeak Wealth LLC grew its stake in KKR & Co. Inc. by 3.2% in the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 80 shares during the period. Finally, Diversified Trust Co. grew its stake in KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 82 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a fifty day moving average price of $120.13 and a 200 day moving average price of $126.76. The stock has a market cap of $82.02 billion, a P/E ratio of 39.32, a P/E/G ratio of 0.80 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.KKR & Co. Inc.’s revenue for the quarter was up 76.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.