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

Key Points

• KKR & Co. Inc. has received a consensus rating of "Moderate Buy" from analysts, with twelve out of sixteen brokerages recommending a buy.
• The company's stock price target has been raised, with Evercore ISI setting it at $150 and Citigroup at $170.
• KKR recently increased its quarterly dividend to $0.185 per share, reflecting a boost from its previous dividend and a payout ratio of 34.42%.

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $158.0714.

Several equities research analysts recently weighed in on KKR shares. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Hsbc Global Res cut shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. Evercore ISI raised their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Citigroup raised their target price on shares of KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Citizens Jmp cut shares of KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th.

KKR & Co. Inc. Price Performance

KKR stock opened at $140.06 on Wednesday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a market cap of $124.79 billion, a P/E ratio of 65.14, a PEG ratio of 1.53 and a beta of 1.87. The firm has a 50-day moving average of $140.04 and a 200 day moving average of $126.21. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.09 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the sale, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,281,394 shares of company stock worth $413,158,033 in the last quarter. Corporate insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of KKR. Brighton Jones LLC lifted its stake in KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in KKR & Co. Inc. by 28.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,208 shares of the asset manager's stock worth $622,000 after purchasing an additional 941 shares in the last quarter. Prosperity Consulting Group LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth $285,000. Quarry LP lifted its stake in KKR & Co. Inc. by 228.9% in the 4th quarter. Quarry LP now owns 786 shares of the asset manager's stock worth $116,000 after purchasing an additional 547 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in KKR & Co. Inc. by 10.8% in the 4th quarter. Northern Trust Corp now owns 6,150,636 shares of the asset manager's stock worth $909,741,000 after purchasing an additional 600,696 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

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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