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

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

Several other analysts have also recently commented on the stock. JMP Securities decreased their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler started coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and an average price target of $155.20.

KKR & Co. Inc. Trading Down 1.3%

Shares of KKR & Co. Inc. stock traded down $1.92 during trading on Wednesday, hitting $141.13. The stock had a trading volume of 3,204,355 shares, compared to its average volume of 4,236,253. The stock has a 50 day simple moving average of $125.56 and a 200 day simple moving average of $128.60. The company has a market capitalization of $125.70 billion, a PE ratio of 59.55, a P/E/G ratio of 1.61 and a beta of 1.88. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. 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 posted its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS 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 net margin of 14.75% and a return on equity of 6.43%. The firm's quarterly revenue was down 67.8% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

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

Insiders Place Their Bets

In other news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of KKR & Co. Inc. stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the completion of the purchase, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders sold 8,471,488 shares of company stock valued at $501,529,092 in the last three months. Company insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. Orrstown Financial Services Inc. acquired a new stake in shares of KKR & Co. Inc. in the second quarter worth $268,000. Bouvel Investment Partners LLC bought a new position in KKR & Co. Inc. during the second quarter worth $6,603,000. Farther Finance Advisors LLC boosted its holdings in KKR & Co. Inc. by 48.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 21,791 shares of the asset manager's stock valued at $2,899,000 after purchasing an additional 7,070 shares during the period. CX Institutional boosted its holdings in KKR & Co. Inc. by 68.9% in the 2nd quarter. CX Institutional now owns 2,317 shares of the asset manager's stock valued at $308,000 after purchasing an additional 945 shares during the period. Finally, AA Financial Advisors LLC grew its position in KKR & Co. Inc. by 25.1% in the 2nd quarter. AA Financial Advisors LLC now owns 3,359 shares of the asset manager's stock worth $447,000 after purchasing an additional 674 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.