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

Key Points

• Consensus "Moderate Buy": Seventeen analysts cover KKR with a consensus rating of Moderate Buy (12 buys, 1 strong buy, 3 holds, 1 sell) and an average 12‑month price target of $137.20.
• Significant insider and institutional buying: Insiders purchased 393,872 shares worth about $40.09M last quarter (insiders own 23.20%), while institutions own 76.26% of the stock and large investors like Norges Bank added a roughly $1.72B stake.
• Key fundamentals and recent results: KKR opened at $103.70, has a $92.46B market cap and a P/E of 44.32, reported $1.24 EPS and $5.74B revenue for the quarter, and pays a $0.185 quarterly dividend (~0.7% yield).

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $137.20.

KKR has been the topic of several recent analyst reports. Barclays reduced their target price on KKR & Co. Inc. from $136.00 to $127.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. TD Cowen downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and set a $144.00 price objective on the stock in a report on Wednesday, January 28th. BMO Capital Markets reduced their price objective on KKR & Co. Inc. from $125.00 to $106.00 and set an "outperform" rating on the stock in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada started coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They set an "outperform" rating and a $137.00 price objective on the stock.

KKR & Co. Inc. Stock Up 0.0%

NYSE KKR opened at $103.70 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock's 50 day moving average is $94.21 and its two-hundred day moving average is $112.13. The company has a market capitalization of $92.46 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 0.90 and a beta of 1.85. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.57% and a net margin of 11.97%. Equities analysts forecast that KKR & Co. Inc. will post 5.45 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.185 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is currently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director owned 285,000 shares in the company, valued at $26,923,950. This represents a 21.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matt Cohler acquired 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the acquisition, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 393,872 shares of company stock worth $40,090,679 in the last quarter. 23.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $1,715,929,000. Strive Asset Management LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $535,907,000. Viking Global Investors LP bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $352,038,000. Farallon Capital Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $257,216,000. Finally, Close Asset Management Ltd raised its position in shares of KKR & Co. Inc. by 4,155.1% during the 3rd quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager's stock valued at $196,845,000 after acquiring an additional 1,479,688 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

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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