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

Key Points

• KKR & Co. Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 1-year price target of $156.20.
• Chairman George R. Roberts sold over 809,906 shares of KKR stock for approximately $116.8 million, decreasing his ownership by 0.99% but still retaining over 81 million shares.
• KKR recently increased its quarterly dividend to $0.185 per share, reflecting a 0.6% dividend yield and a payout ratio of 34.42%.

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $156.20.

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of KKR & Co. Inc. from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 target price on the stock. in a research note on Wednesday, July 9th. Piper Sandler assumed 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 on the stock. JMP Securities restated a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Weiss Ratings lowered shares of KKR & Co. Inc. from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th.

Insider Buying and Selling at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 809,906 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares of the company's stock, valued at $11,736,465,326.50. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently modified their holdings of the business. National Bank of Canada FI grew its position in shares of KKR & Co. Inc. by 44.0% during the 1st quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after buying an additional 237,987 shares during the last quarter. Valeo Financial Advisors LLC grew its position in KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after purchasing an additional 2,006 shares during the last quarter. CWM LLC grew its position in KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after purchasing an additional 398 shares during the last quarter. Aberdeen Group plc grew its position in KKR & Co. Inc. by 4.1% in the 2nd quarter. Aberdeen Group plc now owns 277,609 shares of the asset manager's stock worth $36,885,000 after purchasing an additional 10,960 shares during the last quarter. Finally, Western Financial Corp CA bought a new position in KKR & Co. Inc. in the 1st quarter worth about $739,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $124.65 on Thursday. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. 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 firm has a market capitalization of $111.06 billion, a P/E ratio of 57.98, a P/E/G ratio of 1.40 and a beta of 1.91. The company's fifty day moving average price is $137.23 and its two-hundred day moving average price is $128.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued 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 business had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $1.09 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. KKR & Co. Inc.'s payout ratio is currently 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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