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

Shares of KKR & Co. Inc. (NYSE:KKR) have earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $99.43.

A number of equities research analysts recently weighed in on KKR shares. Jefferies Financial Group cut their price objective on shares of 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. TD Cowen reduced their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. JMP Securities lifted their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $116.00 price target on shares of KKR & Co. Inc. in a report on Friday, June 21st.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the acquisition, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in KKR. Ramirez Asset Management Inc. bought a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at $62,000. Vanguard Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock valued at $2,460,381,000 after acquiring an additional 475,118 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $58,000. Wellington Management Group LLP boosted its holdings in shares of KKR & Co. Inc. by 297.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock valued at $312,469,000 after acquiring an additional 3,794,837 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of KKR & Co. Inc. by 11.7% during the 3rd quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock valued at $5,726,000 after acquiring an additional 9,763 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $105.89 on Friday. The business’s fifty day moving average price is $103.01 and its 200 day moving average price is $95.32. KKR & Co. Inc. has a 12-month low of $52.95 and a 12-month high of $113.91. The stock has a market capitalization of $93.97 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08.

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

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.66%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

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.