KKR & Co. Inc. (NYSE:KKR) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a sell rating in a research note published on Wednesday.

Several other equities analysts have also recently weighed in on the company. TD Cowen raised their price objective on KKR & Co. Inc. to $144.00 and gave the company a buy rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an overweight rating in a report on Wednesday, February 7th. Barclays lifted their price target on KKR & Co. Inc. from $107.00 to $113.00 and gave the stock an overweight rating in a report on Monday, April 8th. Keefe, Bruyette & Woods reiterated an outperform rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, Morgan Stanley lifted their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $90.64.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $96.77 on Wednesday. The stock has a market capitalization of $85.64 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 0.87 and a beta of 1.61. The business has a 50-day moving average of $97.61 and a 200-day moving average of $82.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. KKR & Co. Inc.’s payout ratio is 16.18%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KKR. Wellington Management Group LLP raised its position in KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares in the last quarter. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $649,798,000. Winslow Capital Management LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $344,354,000. Vanguard Group Inc. increased its holdings in shares of KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after buying an additional 1,728,782 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $68,286,000. 76.26% 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.