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

Shares of KKR & Co. Inc. (NYSE:KKR) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $151.80.

Several analysts have recently commented on the stock. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective for the company. Barclays reduced their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Finally, UBS Group lowered their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 20th.

KKR & Co. Inc. Trading Up 2.5%

KKR opened at $85.97 on Friday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The stock has a market capitalization of $76.65 billion, a PE ratio of 36.74, a PEG ratio of 0.63 and a beta of 2.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $109.11 and a two-hundred day moving average price of $121.88.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.185 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.9%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Y. Bae bought 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, for a total transaction of $12,773,750.00. Following the purchase, the chief executive officer directly owned 509,257 shares in the company, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 393,872 shares of company stock valued at $40,090,679 in the last three months. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of KKR. Southeast Asset Advisors LLC lifted its holdings in 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 buying an additional 68 shares during the period. Berbice Capital Management LLC grew its holdings in KKR & Co. Inc. by 3.5% during the 2nd 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 during the period. SteelPeak Wealth LLC grew its holdings in KKR & Co. Inc. by 3.2% during the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock worth $325,000 after acquiring an additional 80 shares during the period. Diversified Trust Co. raised its position in shares of KKR & Co. Inc. by 1.5% during the 4th 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 last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of KKR & Co. Inc. by 3.7% during the 2nd 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 owned by institutional investors.

KKR & Co. Inc. Company Profile

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.