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

Key Points

• KKR received a “Moderate Buy” consensus rating from 15 analysts, with 12 buy ratings and three holds. The average 12-month price target is $127.75.
• KKR reported quarterly earnings of $1.63 per share, exceeding the $1.43 consensus estimate, while revenue reached $5.73 billion versus expectations of $2.55 billion.
• The company approved a $500 million share-repurchase plan and declared a quarterly dividend of $0.195 per share, equivalent to a 0.7% annualized yield.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $127.75.

KKR has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Zacks Research raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Oppenheimer reduced their price target on KKR & Co. Inc. from $143.00 to $139.00 and set an "outperform" rating for the company in a research report on Friday, July 17th. Royal Bank Of Canada upped their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, TD Cowen increased their price objective on KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a report on Monday, August 3rd.

KKR & Co. Inc. Trading Up 6.9%

Shares of NYSE KKR opened at $111.04 on Wednesday. The stock has a market cap of $99.67 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 0.89 and a beta of 1.78. The business has a 50 day simple moving average of $97.54 and a 200 day simple moving average of $97.91. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. 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. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the firm earned $1.18 earnings per share. On average, research analysts predict that KKR & Co. Inc. will post 5.68 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio is presently 24.84%.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Elyxium Wealth LLC acquired a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. SouthState Bank Corp boosted its holdings in KKR & Co. Inc. by 185.0% during the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after acquiring an additional 148 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $31,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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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