KKR & Co. Inc. (NYSE:KKR) Receives Outperform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of KKR & Co. Inc. (NYSE:KKR) in a report issued on Friday, Benzinga reports. They currently have a $116.00 price target on the asset manager’s stock.

Several other research firms have also recently weighed in on KKR. Barclays upped their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an overweight rating in a report on Thursday, May 2nd. StockNews.com cut KKR & Co. Inc. from a hold rating to a sell rating in a report on Wednesday, May 15th. Jefferies Financial Group dropped their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating on the stock in a research note on Thursday, May 9th. JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a market outperform rating in a research report on Tuesday, April 9th. Finally, TD Cowen decreased their price objective on KKR & Co. Inc. from $154.00 to $148.00 and set a buy rating for the company in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $99.43.

KKR & Co. Inc. Stock Performance

KKR stock opened at $108.84 on Friday. KKR & Co. Inc. has a 1-year low of $52.95 and a 1-year high of $113.91. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a market cap of $96.58 billion, a PE ratio of 24.40, a P/E/G ratio of 0.96 and a beta of 1.63. The business’s 50-day moving average price is $102.08 and its two-hundred day moving average price is $94.46.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, research analysts forecast that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $3,932,000. Wellington Management Group LLP increased its position in KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $9,636,000. Virtu Financial LLC boosted its position in shares of KKR & Co. Inc. by 184.6% in the fourth quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock valued at $3,854,000 after acquiring an additional 30,173 shares during the period. Finally, Gridiron Partners LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $714,000. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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.