KKR & Co. Inc. (NYSE:KKR) Downgraded by HSBC to Hold

HSBC lowered shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday, MarketBeat reports. HSBC currently has $142.00 price objective on the asset manager's stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. 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, May 2nd. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.20.

KKR & Co. Inc. Price Performance

NYSE KKR traded down $1.92 during trading on Wednesday, reaching $141.13. 3,204,355 shares of the company traded hands, compared to its average volume of 4,236,253. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The stock's 50 day moving average price is $125.07 and its two-hundred day moving average price is $128.68. The company has a market cap of $125.70 billion, a price-to-earnings ratio of 59.55, a P/E/G ratio of 1.61 and a beta of 1.88. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

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, beating 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 return on equity of 6.43% and a net margin of 14.75%. The company's quarterly revenue was down 67.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.185 dividend. This represents a yield of 0.64%. The ex-dividend date was Monday, May 12th. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s payout ratio is 31.22%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 35,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. The trade was a 23.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Scully bought 13,250 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the transaction, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. The trade was a ∞ increase in their position. 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 over the last ninety days. 39.34% of the stock is currently owned by insiders.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ acquired a new position in KKR & Co. Inc. in the 4th quarter worth $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in KKR & Co. Inc. in the 4th quarter worth $50,199,000. Arete Wealth Advisors LLC boosted its stake in KKR & Co. Inc. by 44.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,922 shares of the asset manager's stock worth $1,321,000 after purchasing an additional 2,749 shares during the period. Jupiter Asset Management Ltd. boosted its stake in KKR & Co. Inc. by 50.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 114,184 shares of the asset manager's stock worth $16,889,000 after purchasing an additional 38,524 shares during the period. Finally, Systematic Alpha Investments LLC acquired a new position in KKR & Co. Inc. in the 4th quarter worth $423,000. Institutional investors own 76.26% of the company's stock.

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.