KKR & Co. Inc. (NYSE:KKR) Cut to Hold at Citigroup

Citigroup cut shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other analysts also recently issued reports on KKR. Morgan Stanley raised shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 9th. Evercore ISI upped their price target 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. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $2.36 during mid-day trading on Monday, reaching $137.07. 2,671,624 shares of the company's stock traded hands, compared to its average volume of 3,151,345. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. 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 stock has a 50 day moving average of $126.05 and a two-hundred day moving average of $128.19. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 1.55 and a beta of 1.88.

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

KKR & Co. Inc. Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. This represents a dividend 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

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy R. Barakett bought 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director owned 185,000 shares in the company, 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 worth $501,529,092 in the last ninety days. 39.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $26,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the fourth quarter valued at about $34,000. Saudi Central Bank acquired a new position in KKR & Co. Inc. in the first quarter valued at about $28,000. Finally, Ameriflex Group Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $46,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.