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

Key Points

• KKR & Co. Inc. has a consensus analyst rating of “Moderate Buy” from 17 firms, with an average 12-month price target of about $134.53.
• The stock was trading around $94.01, below its 200-day moving average of $109.21, and the article notes mixed recent analyst moves including target cuts from Oppenheimer, Barclays, and Piper Sandler, alongside a target increase from UBS.
• KKR recently raised its quarterly dividend to $0.195 per share and approved a $500 million share repurchase plan, while insider and institutional ownership remain significant.

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $134.5333.

Several analysts have recently weighed in on KKR shares. Oppenheimer reduced their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. Barclays reduced their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an "overweight" rating for the company in a research report on Wednesday, May 6th. UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Piper Sandler cut their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an "overweight" rating on the stock in a report on Tuesday, April 7th. Finally, Zacks Research cut shares of KKR & Co. Inc. from a "hold" rating to a "strong sell" rating in a report on Monday, April 13th.

KKR & Co. Inc. Stock Down 1.1%

Shares of NYSE:KKR opened at $94.01 on Friday. The company has a market capitalization of $84.40 billion, a PE ratio of 31.97, a P/E/G ratio of 0.83 and a beta of 1.85. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The firm has a 50 day simple moving average of $96.36 and a 200-day simple moving average of $109.21.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, equities analysts predict that KKR & Co. Inc. will post 5.46 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.19. KKR & Co. Inc.'s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the acquisition, the director directly owned 285,000 shares of the company's stock, valued at $26,923,950. The trade was a 21.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. Norges Bank acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $1,715,929,000. Strive Asset Management LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $535,907,000. Viking Global Investors LP acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at $352,038,000. Temasek Holdings Private Ltd increased its stake in KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager's stock valued at $325,859,000 after buying an additional 2,190,248 shares during the period. Finally, Farallon Capital Management LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at $257,216,000. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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