KKR & Co. Inc. (NYSE:KKR) Rating Lowered to Hold at HSBC

HSBC downgraded 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 morning, Marketbeat reports. They currently have $142.00 target price on the asset manager's stock.

A number of other research analysts also recently commented on KKR. JMP Securities lowered 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 objective on KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. TD Cowen cut their target price on 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. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Finally, Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.00.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR traded up $1.28 during midday trading on Wednesday, reaching $139.22. 2,995,403 shares of the stock traded hands, compared to its average volume of 4,237,895. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $123.99 billion, a PE ratio of 58.74, a P/E/G ratio of 1.54 and a beta of 1.88. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company's 50 day moving average is $124.01 and its 200 day moving average is $128.64.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% on a year-over-year basis. On average, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

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

Insider Activity 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 Monday, May 12th. The shares were sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at approximately $453,525,208.20. This trade represents a 31.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at approximately $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 8,471,488 shares of company stock valued at $501,529,092 over the last 90 days. Insiders own 39.34% of the company's stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of KKR. Sivia Capital Partners LLC boosted its position in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager's stock worth $273,000 after purchasing an additional 237 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in KKR & Co. Inc. by 13.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock valued at $78,000 after buying an additional 72 shares in the last quarter. Pines Wealth Management LLC raised its stake in KKR & Co. Inc. by 17.3% in the second quarter. Pines Wealth Management LLC now owns 4,825 shares of the asset manager's stock valued at $669,000 after buying an additional 710 shares during the last quarter. Mirador Capital Partners LP raised its stake in KKR & Co. Inc. by 2.2% in the second quarter. Mirador Capital Partners LP now owns 100,080 shares of the asset manager's stock valued at $13,314,000 after buying an additional 2,157 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in KKR & Co. Inc. by 15.4% in the second quarter. Gateway Investment Advisers LLC now owns 49,696 shares of the asset manager's stock worth $6,611,000 after acquiring an additional 6,638 shares in the last quarter. 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.