KKR & Co. Inc. (NYSE:KKR) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts remain broadly positive on KKR: Twelve of 15 analysts rate the stock a buy, while three recommend holding it, producing a consensus “Moderate Buy” rating and an average 12-month price target of $130.
• KKR reported quarterly EPS of $1.63, exceeding the $1.43 consensus estimate, while revenue reached $5.73 billion versus expectations of $2.55 billion.
• The stock opened at $107.81 and pays a quarterly dividend of $0.195 per share, equivalent to an annualized $0.78 payout and a 0.7% yield.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $130.00.

A number of equities analysts have recently issued reports on KKR shares. Barclays increased their price objective on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Zacks Research upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Finally, Oppenheimer lifted their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, August 27th.

KKR & Co. Inc. Stock Down 1.8%

NYSE:KKR opened at $107.81 on Friday. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10. The company has a 50-day moving average of $102.68 and a 200 day moving average of $97.87. The firm has a market cap of $96.77 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the prior year, the business earned $1.18 EPS. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.66 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 24.84%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane E. Holmes sold 10,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.20% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of the company. Washington Trust Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. SouthState Bank Corp increased its position in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after buying an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in KKR & Co. Inc. during the 4th quarter valued at about $29,000. Finally, MV Capital Management Inc. purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at about $31,000. 76.26% of the stock is currently owned by institutional investors.

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.

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