KKR & Co. Inc. (NYSE:KKR) Plans $0.18 Quarterly Dividend

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.175 per share by the asset manager on Tuesday, November 19th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, November 4th.

KKR & Co. Inc. has raised its dividend payment by an average of 7.0% annually over the last three years. KKR & Co. Inc. has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. Inc. to earn $5.27 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.3%.

KKR & Co. Inc. Stock Performance

KKR opened at $137.58 on Friday. The firm has a market capitalization of $122.09 billion, a PE ratio of 41.82, a P/E/G ratio of 1.14 and a beta of 1.61. The firm has a 50 day moving average of $130.44 and a two-hundred day moving average of $115.54. KKR & Co. Inc. has a 12-month low of $57.49 and a 12-month high of $147.15. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.86%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $0.73 EPS. On average, analysts anticipate that KKR & Co. Inc. will post 4.01 EPS for the current year.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KKR has been the subject of several research analyst reports. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays boosted their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company upped their price objective on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.64.

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.