KKR & Co. Inc. (NYSE:KKR) Receives Market Perform Rating from JMP Securities

JMP Securities reaffirmed their market perform rating on shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in a research note published on Monday morning,Benzinga reports. JMP Securities currently has a $150.00 price target on the asset manager's stock.

A number of other equities analysts also recently issued reports on the stock. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Hsbc Global Res cut KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Barclays lifted their target price on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.33.

KKR & Co. Inc. Trading Up 4.3%

Shares of KKR stock traded up $5.96 during trading hours on Monday, hitting $143.17. 4,863,441 shares of the company were exchanged, compared to its average volume of 4,236,824. The firm has a market cap of $127.51 billion, a P/E ratio of 60.41, a P/E/G ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50 day simple moving average of $126.52 and a two-hundred day simple moving average of $128.25.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $0.97 EPS. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. Equities analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 0.64%. KKR & Co. Inc.'s payout ratio is presently 31.22%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Robert W. Scully acquired 13,250 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was 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 owned 13,250 shares of the company's stock, valued at $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's 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 directly owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. Insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in KKR & Co. Inc. by 3.9% in the second quarter. Signaturefd LLC now owns 8,229 shares of the asset manager's stock worth $1,095,000 after buying an additional 309 shares in the last quarter. Cove Private Wealth LLC boosted its stake in KKR & Co. Inc. by 126.8% in the second quarter. Cove Private Wealth LLC now owns 21,688 shares of the asset manager's stock worth $2,885,000 after buying an additional 12,127 shares in the last quarter. CX Institutional boosted its stake in KKR & Co. Inc. by 68.9% in the second quarter. CX Institutional now owns 2,317 shares of the asset manager's stock worth $308,000 after buying an additional 945 shares in the last quarter. North Star Investment Management Corp. boosted its stake in KKR & Co. Inc. by 0.7% in the second quarter. North Star Investment Management Corp. now owns 112,178 shares of the asset manager's stock worth $14,923,000 after buying an additional 779 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in KKR & Co. Inc. by 10.5% in the second quarter. TD Private Client Wealth LLC now owns 46,185 shares of the asset manager's stock worth $6,144,000 after buying an additional 4,379 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

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.