KKR & Co. Inc. (NYSE:KKR) Receives $149.14 Average PT from Brokerages

KKR & Co. Inc. (NYSE:KKR) has been assigned a consensus rating of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $149.14.

Several equities analysts have recently weighed in on KKR shares. Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Barclays raised their price target on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their price objective for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $117.77 on Monday. The business’s 50 day simple moving average is $112.83 and its 200 day simple moving average is $135.34. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a market cap of $104.89 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.00 and a beta of 1.91. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was down 67.8% compared to the same quarter last year. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is 31.22%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the transaction, the insider now owns 13,260,971 shares in the company, valued at approximately $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Scully bought 13,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the acquisition, the director now directly owns 13,250 shares in the company, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. in the 4th quarter worth $27,000. Crews Bank & Trust bought a new stake in KKR & Co. Inc. in the 4th quarter worth $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at about $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at about $34,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.