KKR & Co. Inc. (NYSE:KKR) Given Consensus Recommendation of "Buy" by Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have been given an average recommendation of "Buy" by the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Fourteen 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 target among analysts that have updated their coverage on the stock in the last year is $149.43.

Several research analysts have recently weighed in on KKR shares. Bank of America dropped their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods lifted their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Hsbc Global Res raised KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. JMP Securities reduced their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their price objective for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th.

Insider Buying and Selling

In other news, Chairman Henry R. Kravis sold 130,925 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the transaction, the chairman now directly owns 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Company insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KKR. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $1,435,314,000. Nuveen LLC bought a new position in KKR & Co. Inc. during the 1st quarter worth about $844,137,000. Jennison Associates LLC increased its position in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager's stock valued at $507,972,000 after purchasing an additional 4,306,290 shares during the period. Nuveen Asset Management LLC increased its position in KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after purchasing an additional 3,391,581 shares during the period. Finally, Amundi lifted its position in shares of KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager's stock worth $528,989,000 after purchasing an additional 2,439,505 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $3.92 during trading hours on Friday, reaching $121.32. 4,208,306 shares of the stock traded hands, compared to its average volume of 4,914,627. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The firm has a market capitalization of $108.06 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 1.00 and a beta of 1.89. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $115.24 and a 200 day moving average price of $132.02.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. The firm's revenue was down 67.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

About KKR & Co. Inc.

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.