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

KKR & Co. Inc. (NYSE:KKR) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $91.00.

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research report on Thursday, April 4th.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter worth approximately $2,114,000. US Bancorp DE lifted its position in KKR & Co. Inc. by 12.3% in the first quarter. US Bancorp DE now owns 38,435 shares of the asset manager’s stock valued at $3,866,000 after acquiring an additional 4,204 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in KKR & Co. Inc. by 144.3% in the first quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager’s stock valued at $19,200,000 after acquiring an additional 112,767 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 231.9% during the first quarter. QRG Capital Management Inc. now owns 17,897 shares of the asset manager’s stock worth $1,800,000 after purchasing an additional 12,504 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of KKR & Co. Inc. by 12.0% during the first quarter. Meeder Advisory Services Inc. now owns 4,313 shares of the asset manager’s stock worth $434,000 after purchasing an additional 463 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR opened at $99.69 on Thursday. The firm’s fifty day simple moving average is $97.81 and its two-hundred day simple moving average is $85.37. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market cap of $88.23 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 0.81 and a beta of 1.62. KKR & Co. Inc. has a 52-week low of $47.79 and a 52-week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Equities analysts anticipate that KKR & Co. Inc. will post 4.15 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 14.80%.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.