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. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on KKR shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $65.00 to $68.00 and gave the company a "buy" rating in a report on Friday. TheStreet lowered KKR & Co. Inc. from a "b" rating to a "c+" rating in a research note on Tuesday, May 3rd. JMP Securities decreased their target price on KKR & Co. Inc. from $85.00 to $80.00 and set a "market outperform" rating for the company in a report on Tuesday, July 12th. Evercore ISI set a $65.00 target price on shares of KKR & Co. Inc. in a research report on Tuesday, July 19th. Finally, BMO Capital Markets dropped their price objective on shares of KKR & Co. Inc. from $90.00 to $80.00 in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $75.04.
KKR & Co. Inc. Stock Performance
KKR & Co. Inc. stock opened at $57.12 on Friday. KKR & Co. Inc. has a 52 week low of $44.28 and a 52 week high of $83.90. The company has a current ratio of 0.08, a quick ratio of 0.09 and a debt-to-equity ratio of 0.76. The stock has a market cap of $33.85 billion, a P/E ratio of 44.63, a price-to-earnings-growth ratio of 4.40 and a beta of 1.53. The stock has a 50 day moving average of $50.15 and a 200-day moving average of $54.95.
KKR & Co. Inc. (NYSE:KKR - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.95 EPS for the quarter, meeting analysts' consensus estimates of $0.95. The firm had revenue of $303.10 million for the quarter, compared to the consensus estimate of $1.82 billion. KKR & Co. Inc. had a net margin of 8.25% and a return on equity of 7.23%. The firm's revenue was down 59.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. On average, analysts expect that KKR & Co. Inc. will post 3.37 EPS for the current fiscal year.
KKR & Co. Inc. Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Monday, August 15th will be paid a $0.155 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.62 dividend on an annualized basis and a yield of 1.09%. KKR & Co. Inc.'s dividend payout ratio (DPR) is 48.44%.
Insider Activity at KKR & Co. Inc.
In other news, Director Matt Cohler acquired 18,710 shares of the business's stock in a transaction on Monday, August 8th. The shares were purchased at an average price of $52.99 per share, for a total transaction of $991,442.90. Following the completion of the purchase, the director now directly owns 86,837 shares of the company's stock, valued at approximately $4,601,492.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $19.51, for a total value of $82,917,500.00. Following the completion of the transaction, the insider now directly owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matt Cohler acquired 18,710 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average cost of $52.99 per share, with a total value of $991,442.90. Following the transaction, the director now owns 86,837 shares in the company, valued at $4,601,492.63. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.
