KKR & Co. Inc. (NYSE:KKR) Reaches New 1-Year Low Following Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR) reached a new 52-week low during mid-day trading on Friday after Bank of America lowered their price target on the stock from $214.00 to $194.00. Bank of America currently has a buy rating on the stock. KKR & Co. Inc. traded as low as $90.92 and last traded at $90.55, with a volume of 3813740 shares trading hands. The stock had previously closed at $102.55.

KKR has been the topic of several other research reports. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $150.00 to $141.00 in a research report on Thursday, March 20th. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Keefe, Bruyette & Woods reduced their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday, January 30th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its position in shares of KKR & Co. Inc. by 17.8% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock worth $64,000 after acquiring an additional 65 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of KKR & Co. Inc. by 0.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock valued at $2,430,000 after buying an additional 69 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after buying an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock valued at $191,000 after buying an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after buying an additional 73 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Down 9.6 %

The stock has a market cap of $82.38 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The business’s 50 day moving average is $130.85 and its 200-day moving average is $140.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.75%. KKR & Co. Inc.’s dividend payout ratio is currently 21.02%.

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.