KKR & Co. Inc. (NYSE:KKR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $158.0714.

Several analysts recently commented on the company. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 9th. Barclays raised their price target on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 4th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 target price for the company. in a research report on Wednesday, July 9th. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Finally, Citizens Jmp lowered shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th.

KKR & Co. Inc. Trading Down 1.7%

Shares of NYSE:KKR opened at $135.55 on Friday. 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 company’s 50-day moving average price is $143.13 and its 200 day moving average price is $127.66. The company has a market cap of $120.77 billion, a PE ratio of 63.05, a P/E/G ratio of 1.51 and a beta of 1.93. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last announced 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter last year, the business earned $1.09 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 11th. KKR & Co. Inc.’s payout ratio is currently 34.42%.

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at about $28,000. Clearstead Trust LLC acquired a new stake in KKR & Co. Inc. during the second quarter valued at approximately $28,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $31,000. Pineridge Advisors LLC bought a new stake in KKR & Co. Inc. during the second quarter worth approximately $31,000. Finally, DiNuzzo Private Wealth Inc. grew its position in KKR & Co. Inc. by 790.3% in the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after buying an additional 245 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.