KKR & Co. Inc. (NYSE:KKR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• KKR & Co. Inc. has received an average consensus recommendation of “Moderate Buy” from seventeen brokerage firms, with thirteen analysts giving it a buy rating and four rating it as hold.
• The average twelve-month target price for the stock is currently set at $155.00, with Barclays recently boosting their price target and maintaining an “overweight” rating.
• KKR recently declared a quarterly dividend increase from $0.18 to $0.185, reflecting an annualized yield of 0.5% and a payout ratio of 31.22%.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $155.00.

A number of analysts have commented on the company. Barclays boosted their price objective on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Piper Sandler started coverage on KKR & Co. Inc. in a report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target for the company. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, TD Cowen lowered their target price 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.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $142.58 on Friday. The company has a market capitalization of $126.99 billion, a PE ratio of 66.32, a P/E/G ratio of 1.63 and a beta of 1.87. 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 twelve month low of $86.15 and a twelve month high of $170.40. The firm has a fifty day simple moving average of $133.14 and a 200 day simple moving average of $128.43.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same period in the prior year, the business earned $1.09 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a $0.185 dividend. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. 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 purchased 35,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $117.92 per share, with a total value of $4,127,200.00. Following the transaction, the director directly owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was 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 owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,471,488 shares of company stock valued at $501,529,092. 39.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of the stock. New York Life Investment Management LLC lifted its position in KKR & Co. Inc. by 1.6% during the second quarter. New York Life Investment Management LLC now owns 101,218 shares of the asset manager's stock valued at $13,465,000 after buying an additional 1,585 shares during the period. Private Wealth Partners LLC increased its stake in shares of KKR & Co. Inc. by 4.7% in the 2nd quarter. Private Wealth Partners LLC now owns 120,545 shares of the asset manager's stock worth $16,036,000 after acquiring an additional 5,390 shares in the last quarter. Howard Capital Management Inc. lifted its position in KKR & Co. Inc. by 21.3% during the 2nd quarter. Howard Capital Management Inc. now owns 4,310 shares of the asset manager's stock valued at $573,000 after acquiring an additional 756 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in KKR & Co. Inc. by 20.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 94,975 shares of the asset manager's stock worth $12,635,000 after acquiring an additional 15,900 shares in the last quarter. Finally, Guinness Asset Management LTD grew its holdings in KKR & Co. Inc. by 2.4% in the second quarter. Guinness Asset Management LTD now owns 5,385 shares of the asset manager's stock worth $716,000 after purchasing an additional 125 shares during the period. 76.26% of the stock is owned by institutional investors.

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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