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

KKR & Co. Inc. (NYSE:KKR) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $153.50.

KKR has been the topic of several recent research reports. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, January 28th. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Oppenheimer cut their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Barclays reduced their price target on shares of KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Director Matt Cohler acquired 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. The trade was a 2,733.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph Y. Bae acquired 125,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the transaction, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 343,872 shares of company stock valued at $35,367,179 over the last quarter. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Southeast Asset Advisors LLC boosted its position in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after purchasing an additional 68 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.0% in the 2nd quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock valued at $988,000 after buying an additional 75 shares during the period. Berbice Capital Management LLC boosted its position in KKR & Co. Inc. by 3.5% in the 2nd quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after purchasing an additional 75 shares in the last quarter. SteelPeak Wealth LLC grew its position in KKR & Co. Inc. by 3.2% during the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after buying an additional 80 shares during the period. Finally, Diversified Trust Co. grew its position in shares of KKR & Co. Inc. by 1.5% during the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 82 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $101.14 on Wednesday. The company has a market capitalization of $90.15 billion, a P/E ratio of 43.22, a PEG ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a 50 day moving average price of $120.99 and a two-hundred day moving average price of $127.11. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.77%. The firm had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the company posted $1.32 earnings per share. The business’s revenue was up 76.1% on a year-over-year basis. Analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

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.