KKR & Co. Inc. (NYSE:KKR) Reaches New 1-Year High at $64.63

KKR & Co. Inc. (NYSE:KKR)’s stock price reached a new 52-week high on Monday . The company traded as high as $64.63 and last traded at $64.49, with a volume of 1000225 shares changing hands. The stock had previously closed at $64.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KKR shares. Citigroup raised their target price on shares of KKR & Co. Inc. from $69.00 to $75.00 in a research note on Tuesday, August 8th. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $63.00 to $70.00 in a report on Tuesday, August 8th. Oppenheimer raised their price target on KKR & Co. Inc. from $88.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Finally, BMO Capital Markets lifted their target price on shares of KKR & Co. Inc. from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $71.04.

KKR & Co. Inc. Trading Down 0.1 %

The firm has a market cap of $55.20 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 1.84 and a beta of 1.52. The company has a fifty day moving average price of $60.82 and a 200-day moving average price of $55.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.78.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Monday, August 7th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.23. KKR & Co. Inc. had a return on equity of 4.50% and a net margin of 11.02%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.64 earnings per share. KKR & Co. Inc.’s revenue for the quarter was up 1021.4% on a year-over-year basis. As a group, research analysts expect that KKR & Co. Inc. will post 2.79 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 51.56%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Phorm Investors L.P. Kkr purchased 1,735,988 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $3.30 per share, with a total value of $5,728,760.40. Following the acquisition, the insider now owns 24,411,968 shares of the company’s stock, valued at approximately $80,559,494.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 15,000,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $36.85, for a total transaction of $552,750,000.00. Following the completion of the transaction, the insider now owns 4,570,327 shares in the company, valued at approximately $168,416,549.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Phorm Investors L.P. Kkr purchased 1,735,988 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, July 21st. The shares were bought at an average price of $3.30 per share, with a total value of $5,728,760.40. Following the transaction, the insider now owns 24,411,968 shares in the company, valued at $80,559,494.40. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the business. Checchi Capital Advisers LLC raised its holdings in KKR & Co. Inc. by 0.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 23,425 shares of the asset manager’s stock valued at $1,312,000 after acquiring an additional 187 shares during the last quarter. CWM LLC increased its holdings in shares of KKR & Co. Inc. by 2.9% in the first quarter. CWM LLC now owns 6,971 shares of the asset manager’s stock valued at $366,000 after purchasing an additional 194 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Driehaus Capital Management LLC now owns 5,492 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 198 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of KKR & Co. Inc. by 63.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 514 shares of the asset manager’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its stake in shares of KKR & Co. Inc. by 0.5% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 37,920 shares of the asset manager’s stock worth $1,760,000 after acquiring an additional 200 shares during the last quarter. 54.97% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.