KKR & Co. Inc.'s (KKR) "Outperform" Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of KKR & Co. Inc. (NYSE:KKR - Free Report) in a research note issued to investors on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has a $104.00 price target on the asset manager's stock.

Other equities research analysts have also recently issued reports about the stock. JMP Securities raised their target price on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a market outperform rating in a research report on Wednesday, February 7th. Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. TD Cowen initiated coverage on shares of KKR & Co. Inc. in a research report on Thursday, January 4th. They issued an outperform rating and a $96.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an overweight rating in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $83.53.

KKR & Co. Inc. Trading Down 1.4 %

Shares of KKR stock traded down $1.38 on Thursday, hitting $98.17. 2,081,797 shares of the company's stock traded hands, compared to its average volume of 3,451,415. The stock has a market capitalization of $86.88 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 0.84 and a beta of 1.61. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The company's fifty day simple moving average is $96.09 and its 200 day simple moving average is $79.23.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Equities analysts forecast that KKR & Co. Inc. will post 4.63 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 16.18%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the acquisition, the insider now owns 1,000,687 shares of the company's stock, valued at $25,017,175. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares of the company's stock, valued at $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of KKR. CWA Asset Management Group LLC increased its position in KKR & Co. Inc. by 0.9% during the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager's stock valued at $1,020,000 after acquiring an additional 114 shares during the last quarter. E&G Advisors LP increased its position in KKR & Co. Inc. by 1.5% during the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock valued at $723,000 after acquiring an additional 126 shares during the last quarter. Montag A & Associates Inc. increased its position in KKR & Co. Inc. by 4.8% during the fourth quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock valued at $232,000 after acquiring an additional 128 shares during the last quarter. Cross Staff Investments Inc increased its position in KKR & Co. Inc. by 0.7% during the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock valued at $1,617,000 after acquiring an additional 130 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company's stock.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.