KKR & Co. Inc. (NYSE:KKR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• KKR & Co. Inc. has been rated as a "Moderate Buy" by 16 analysts, with 12 buy ratings and 4 hold ratings, suggesting positive market sentiment towards the stock.
• The company recently increased its quarterly dividend to $0.185, up from $0.18, indicating a commitment to returning value to shareholders.
• Insider selling was noted, with Chairman George R. Roberts offloading 809,906 shares for approximately $116.8 million, reducing his ownership stake slightly.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $158.0714.

A number of research firms have issued reports on KKR. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price for the company. in a research note on Wednesday, July 9th. Piper Sandler began 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. Evercore ISI lifted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. The trade was a 0.99% 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. 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. Southeast Asset Advisors LLC lifted its stake in shares of KKR & Co. Inc. by 0.3% in the second quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager's stock worth $2,983,000 after buying an additional 68 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in KKR & Co. Inc. by 13.9% during the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock worth $78,000 after acquiring an additional 72 shares during the period. Moors & Cabot Inc. increased its position in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager's stock worth $988,000 after acquiring an additional 75 shares during the period. Berbice Capital Management LLC increased its position in KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager's stock worth $293,000 after acquiring an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in KKR & Co. Inc. by 3.7% during the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager's stock worth $317,000 after acquiring an additional 84 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $148.96 on Friday. 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 market capitalization of $132.72 billion, a PE ratio of 69.28, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93. The company has a 50 day moving average price of $143.13 and a two-hundred day moving average price of $126.96. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is presently 34.42%.

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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