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

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $149.47.

KKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Citigroup dropped their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities dropped their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th.

KKR & Co. Inc. Stock Down 2.2%

Shares of NYSE KKR opened at $135.62 on Tuesday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The business has a 50-day simple moving average of $123.53 and a two-hundred day simple moving average of $128.58. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $120.79 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.54 and a beta of 1.88.

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

KKR & Co. Inc. Increases Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company's stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock valued at $501,529,092 in the last ninety days. 39.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $26,000. Saudi Central Bank purchased a new stake in shares of KKR & Co. Inc. in the first quarter worth about $28,000. Mascagni Wealth Management Inc. purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $34,000. Finally, Cassady Schiller Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth about $36,000. 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.

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