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

KKR & Co. Inc. (NYSE:KKR) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $130.00.

A number of analysts have commented on KKR shares. Argus lifted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research raised KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. HSBC lifted their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Barclays upped their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, July 31st.

KKR & Co. Inc. Trading Down 3.1%

NYSE:KKR opened at $100.83 on Friday. The stock has a market cap of $90.51 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 0.98 and a beta of 1.79. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average price is $103.71 and its 200-day moving average price is $97.91. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same period in the previous year, the business earned $1.18 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.66 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a dividend of $0.195 per share. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Insider Transactions at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in the stock. Washington Trust Advisors Inc. bought a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at $27,000. SouthState Bank Corp lifted its holdings in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $29,000. Finally, MV Capital Management Inc. purchased a new position in KKR & Co. Inc. in the fourth quarter worth about $31,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.