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

Shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.39.

Several brokerages have recently weighed in on KKR. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $60.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 19th. Argus dropped their target price on KKR & Co. Inc. from $74.00 to $64.00 in a research report on Thursday, May 11th. JMP Securities reissued a “market outperform” rating and issued a $80.00 price target on shares of KKR & Co. Inc. in a report on Monday, March 13th. Oppenheimer raised their price objective on KKR & Co. Inc. from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, April 13th. Finally, Bank of America cut their target price on KKR & Co. Inc. from $70.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, April 5th.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $21.00, for a total transaction of $335,000,001.00. Following the completion of the sale, the insider now owns 44,782,619 shares of the company’s stock, valued at approximately $940,434,999. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 15,952,381 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $21.00, for a total transaction of $335,000,001.00. Following the completion of the sale, the insider now directly owns 44,782,619 shares of the company’s stock, valued at $940,434,999. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Sorkin sold 40,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $55.44, for a total value of $2,217,600.00. Following the completion of the transaction, the insider now directly owns 1,434,144 shares in the company, valued at approximately $79,508,943.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,592,381 shares of company stock worth $632,325,601. 39.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in KKR & Co. Inc. by 63.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 514 shares of the asset manager’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Allworth Financial LP purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $25,000. Disciplined Investments LLC raised its position in KKR & Co. Inc. by 2,861.1% during the first quarter. Disciplined Investments LLC now owns 533 shares of the asset manager’s stock valued at $28,000 after buying an additional 515 shares during the period. CVA Family Office LLC lifted its stake in KKR & Co. Inc. by 56.8% in the 3rd quarter. CVA Family Office LLC now owns 580 shares of the asset manager’s stock worth $25,000 after acquiring an additional 210 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in KKR & Co. Inc. by 285.9% during the 4th quarter. Quadrant Capital Group LLC now owns 714 shares of the asset manager’s stock worth $33,000 after acquiring an additional 529 shares during the period. Hedge funds and other institutional investors own 53.85% of the company’s stock.

KKR & Co. Inc. Trading Down 1.4 %

Shares of KKR opened at $49.44 on Thursday. KKR & Co. Inc. has a 12 month low of $41.77 and a 12 month high of $60.53. The stock’s 50-day moving average is $50.69 and its two-hundred day moving average is $51.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $42.67 billion, a PE ratio of -56.18, a P/E/G ratio of 2.39 and a beta of 1.53.

KKR & Co. Inc. (NYSE:KKR – Get Rating) last released its quarterly earnings results on Monday, May 8th. The asset manager reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. KKR & Co. Inc. had a positive return on equity of 4.87% and a negative net margin of 5.67%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $1.10 EPS. KKR & Co. Inc.’s revenue for the quarter was up 212.9% on a year-over-year basis. Equities analysts forecast that KKR & Co. Inc. will post 2.8 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Monday, May 22nd will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, May 19th. KKR & Co. Inc.’s dividend payout ratio is -75.00%.

About KKR & Co. Inc.

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KKR & Co, Inc engages in the provision of investment and private equity asset management services. The firm manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit, and hedge funds. It operates through the Asset Management and Insurance segments.