KKR & Co. Inc. (NYSE:KKR) Sets New 12-Month High – What’s Next?

KKR & Co. Inc. (NYSE:KKR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $161.53 and last traded at $161.27, with a volume of 3210581 shares trading hands. The stock had previously closed at $158.94.

Analyst Ratings Changes

Several brokerages have commented on KKR. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group raised their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer lifted their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Citigroup boosted their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Trading Down 0.8 %

The stock’s 50 day moving average is $142.15 and its 200-day moving average is $122.85. The company has a market cap of $142.14 billion, a P/E ratio of 48.64, a PEG ratio of 1.26 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Research analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio is 21.28%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Large investors have recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. lifted its stake in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth approximately $31,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the period. Finally, Eastern Bank purchased a new stake in KKR & Co. Inc. during the third quarter valued at approximately $34,000. Institutional investors own 76.26% of the company’s stock.

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.