KKR & Co. Inc. (NYSE:KKR) Stock Rated “Moderate Buy” by Sell-Side Brokerages

KKR & Co. Inc. (NYSE:KKR) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $127.46.

KKR has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a research note on Friday. They set an “equal weight” rating and a $97.00 price target for the company. Barclays boosted their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th.

KKR & Co. Inc. Trading Down 0.4%

Shares of KKR & Co. Inc. stock opened at $89.89 on Thursday. The company has a 50-day moving average of $103.28 and a two-hundred day moving average of $98.58. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $80.69 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 0.81 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the previous year, the company earned $1.18 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.95 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were issued a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the 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 directly owned 8,513 shares in the company, valued at $924,341.54. This represents 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. 23.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Eastern Bank grew its holdings in KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after buying an additional 120 shares during the last quarter. Boltwood Capital Management lifted its position in shares of KKR & Co. Inc. by 12.9% in the third quarter. Boltwood Capital Management now owns 3,917 shares of the asset manager’s stock valued at $358,000 after acquiring an additional 448 shares in the last quarter. CX Institutional lifted its position in shares of KKR & Co. Inc. by 8.6% in the third quarter. CX Institutional now owns 3,786 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 299 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of KKR & Co. Inc. by 12.6% during the second quarter. QRG Capital Management Inc. now owns 57,535 shares of the asset manager’s stock valued at $5,281,000 after acquiring an additional 6,436 shares during the last quarter. Finally, Core Capital Management & Research inc. purchased a new stake in KKR & Co. Inc. during the 2nd quarter worth about $202,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.