KKR & Co. Inc. (NYSE:KKR) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate KKR a “Moderate Buy,” with 17 buy ratings and four hold ratings among 21 covering brokerages. The average 12-month price target is $124.21, above the reported opening price of $91.23.
• KKR reported quarterly EPS of $1.63, beating the consensus estimate of $1.43, while revenue reached $5.73 billion versus expectations of $2.55 billion.
• The company pays a quarterly dividend of $0.195, equivalent to $0.78 annually and a 0.9% yield. Hedge funds and other institutional investors own 76.26% of KKR’s shares.

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $124.21.

Several brokerages have recently issued reports on KKR. Argus upped their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. BNP Paribas Exane reduced their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "outperform" rating for the company in a research report on Thursday, October 1st. BMO Capital Markets upped their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group cut their target price on KKR & Co. Inc. from $129.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $91.23 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The firm has a market capitalization of $81.89 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.83. The stock's 50-day simple moving average is $98.54 and its 200-day simple moving average is $98.44.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same period in the prior year, the company posted $1.18 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 10th. KKR & Co. Inc.'s payout ratio is presently 24.84%.

Insider Buying and Selling

In related news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KKR. Kingswood Wealth Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at about $270,000. Citizens Financial Group Inc. RI grew its holdings in shares of KKR & Co. Inc. by 8.1% during the third quarter. Citizens Financial Group Inc. RI now owns 36,132 shares of the asset manager's stock worth $3,299,000 after buying an additional 2,693 shares during the last quarter. Simplicity Wealth LLC grew its holdings in shares of KKR & Co. Inc. by 19.3% during the third quarter. Simplicity Wealth LLC now owns 3,147 shares of the asset manager's stock worth $287,000 after buying an additional 510 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of KKR & Co. Inc. by 16.5% during the third quarter. Evergreen Capital Management LLC now owns 9,954 shares of the asset manager's stock worth $909,000 after buying an additional 1,408 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in KKR & Co. Inc. by 52.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,891 shares of the asset manager's stock valued at $1,086,000 after acquiring an additional 4,092 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.

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