KKR & Co. Inc. (NYSE:KKR) Trading Down 4.5% - Time to Sell?

Key Points

• KKR & Co. Inc. shares fell 4.5% to $140.66, with trading volume significantly down to approximately 1.81 million shares, versus an average of 4.64 million.
• Analyst ratings for KKR varied; Wall Street Zen upgraded it to "hold" while HSBC downgraded it to "hold" with a price target of $142.00, amidst a consensus rating of "Moderate Buy."
• KKR recently increased its quarterly dividend to $0.185 per share, representing a 0.5% yield, with a payout ratio of 34.42%.

KKR & Co. Inc. (NYSE:KKR - Get Free Report)'s share price dropped 4.5% on Wednesday . The company traded as low as $141.27 and last traded at $140.66. Approximately 1,812,872 shares were traded during trading, a decline of 61% from the average daily volume of 4,640,487 shares. The stock had previously closed at $147.25.

Wall Street Analyst Weigh In

KKR has been the subject of a number of analyst reports. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Citigroup upped their price target on KKR & Co. Inc. from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.07.

KKR & Co. Inc. Trading Down 4.6%

The stock has a 50-day simple moving average of $143.48 and a 200 day simple moving average of $127.40. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market cap of $125.15 billion, a price-to-earnings ratio of 65.18, a PEG ratio of 1.61 and a beta of 1.93.

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

KKR & Co. Inc. Increases Dividend

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

Insider Activity

In other news, Chairman George R. Roberts sold 809,906 shares of the 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 sale, the chairman directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $28,000. Mascagni Wealth Management Inc. purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $31,000. Pineridge Advisors LLC purchased a new position in KKR & Co. Inc. in the 2nd quarter valued at approximately $31,000. Saudi Central Bank purchased a new position in KKR & Co. Inc. in the 1st quarter valued at approximately $28,000. Finally, DiNuzzo Private Wealth Inc. boosted its position in KKR & Co. Inc. by 790.3% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock valued at $37,000 after buying an additional 245 shares during the period. 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.

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