KKR & Co. Inc. (NYSE:KKR) Given Consensus Rating of “Moderate Buy” by Brokerages

KKR & Co. Inc. (NYSE:KKR) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $130.00.

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, July 31st. TD Cowen increased their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets upped their price target on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, September 3rd. The stock was 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 $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Core Capital Management & Research inc. acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at $202,000. Sequoia Financial Advisors LLC boosted its holdings in KKR & Co. Inc. by 3.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,740 shares of the asset manager’s stock valued at $1,995,000 after acquiring an additional 649 shares during the period. National Pension Service grew its position in KKR & Co. Inc. by 6.5% in the 2nd quarter. National Pension Service now owns 1,475,136 shares of the asset manager’s stock valued at $135,388,000 after acquiring an additional 90,570 shares in the last quarter. Engineers Gate Manager LP acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at about $3,099,000. Finally, Integrated Wealth Concepts LLC increased its stake in KKR & Co. Inc. by 2.4% during the second quarter. Integrated Wealth Concepts LLC now owns 13,363 shares of the asset manager’s stock worth $1,226,000 after purchasing an additional 307 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $101.08 on Friday. The business’s 50-day moving average is $103.86 and its two-hundred day moving average is $97.93. The company has a market capitalization of $90.73 billion, a P/E ratio of 32.19, a P/E/G ratio of 0.95 and a beta of 1.79. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $152.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. Research analysts predict that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a $0.195 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

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.