KKR & Co. Inc. (NYSE:KKR) Receives Average Rating of “Moderate Buy” from Analysts

KKR & Co. Inc. (NYSE:KKR) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $156.5714.

Several equities research analysts have commented on the stock. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research report on Wednesday, January 28th. Barclays lowered their price target on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th.

Insider Activity at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was bought at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the transaction, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. The trade was a 27.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds have recently bought and sold shares of the company. ESL Trust Services LLC acquired a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $26,000. GGM Financials LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at $27,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the 2nd quarter valued at $28,000. Finally, Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. during the fourth quarter worth $27,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR opened at $102.38 on Wednesday. The stock has a market cap of $91.26 billion, a P/E ratio of 43.75, a P/E/G ratio of 0.79 and a beta of 1.99. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $123.27 and a 200 day simple moving average of $128.00.

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

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is 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.