KKR & Co. Inc. (NYSE:KKR) Increases Dividend to $0.19 Per Share

KKR & Co. Inc. (NYSE:KKR - Get Free Report) declared a dividend on Tuesday, May 6th, investing.com reports. Investors of record on Tuesday, May 13th will be given a dividend of 0.185 per share by the asset manager on Tuesday, May 27th. This represents a yield of 0.64%. The ex-dividend date is Monday, May 12th. This is a 8.8% increase from KKR & Co. Inc.'s previous dividend of $0.17.

KKR & Co. Inc. has raised its dividend payment by an average of 6.6% annually over the last three years. KKR & Co. Inc. has a payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 10.7%.

KKR & Co. Inc. Trading Down 1.9 %

Shares of KKR & Co. Inc. stock opened at $114.70 on Tuesday. The company has a 50 day simple moving average of $112.12 and a two-hundred day simple moving average of $136.76. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $101.88 billion, a PE ratio of 34.44, a PEG ratio of 1.00 and a beta of 1.91.

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

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

An institutional investor recently raised its position in KKR & Co. Inc. stock. Brighton Jones LLC boosted its stake in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 109.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,661 shares of the asset manager's stock after purchasing an additional 2,437 shares during the quarter. Brighton Jones LLC's holdings in KKR & Co. Inc. were worth $689,000 at the end of the most recent reporting period. Institutional investors own 76.26% of the company's stock.

Analyst Ratings Changes

KKR has been the topic of a number of analyst reports. Barclays lifted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday. HSBC raised shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and cut their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. Hsbc Global Res raised shares of KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $144.73.

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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