KKR & Co. Inc. Announces Quarterly Dividend of $0.19 (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.185 per share by the asset manager on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, February 17th.

KKR & Co. Inc. has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 11.3%.

KKR & Co. Inc. Trading Up 3.6%

NYSE KKR opened at $102.77 on Friday. The firm has a market capitalization of $91.60 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99. The business’s 50-day moving average price is $126.99 and its two-hundred day moving average price is $130.76. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. KKR & Co. Inc.’s revenue was up 76.1% compared to the same quarter last year. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Hsbc Global Res upgraded KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Citigroup decreased their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, UBS Group dropped their price target on shares of KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $156.57.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.