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.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. JMP Securities dropped their price target on KKR & Co. Inc. from $85.00 to $80.00 and set a "market outperform" rating on the stock in a research report on Tuesday, July 12th. Piper Sandler lowered their price objective on shares of KKR & Co. Inc. from $86.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, July 11th. The Goldman Sachs Group cut their target price on shares of KKR & Co. Inc. from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, June 29th. TheStreet downgraded shares of KKR & Co. Inc. from a "b" rating to a "c+" rating in a research note on Tuesday, May 3rd. Finally, BMO Capital Markets reduced their price objective on KKR & Co. Inc. from $90.00 to $80.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.04.
KKR & Co. Inc. Stock Performance
Shares of NYSE:KKR traded up $0.61 during trading on Friday, reaching $57.12. The stock had a trading volume of 2,030,352 shares, compared to its average volume of 2,890,147. The stock has a fifty day simple moving average of $50.19 and a two-hundred day simple moving average of $54.89. The company has a quick ratio of 0.09, a current ratio of 0.08 and a debt-to-equity ratio of 0.76. KKR & Co. Inc. has a 52 week low of $44.28 and a 52 week high of $83.90. The firm has a market capitalization of $49.11 billion, a price-to-earnings ratio of 44.63, a P/E/G ratio of 4.50 and a beta of 1.53.
KKR & Co. Inc. (NYSE:KKR - Get Rating) last posted its earnings results on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.95. The business had revenue of $303.10 million for the quarter, compared to analyst estimates of $1.82 billion. KKR & Co. Inc. had a net margin of 8.25% and a return on equity of 7.23%. KKR & Co. Inc.'s revenue was down 59.0% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. As a group, analysts anticipate that KKR & Co. Inc. will post 3.37 earnings per share for the current fiscal year.
KKR & Co. Inc. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Monday, August 15th will be given a dividend of $0.155 per share. The ex-dividend date is Friday, August 12th. This represents a $0.62 annualized dividend and a dividend yield of 1.09%. KKR & Co. Inc.'s dividend payout ratio is presently 48.44%.
Insider Activity at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Matt Cohler acquired 18,710 shares of the stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of $52.99 per share, for a total transaction of $991,442.90. Following the purchase, the director now owns 86,837 shares in the company, valued at approximately $4,601,492.63. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 4,250,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $19.51, for a total value of $82,917,500.00. Following the transaction, the insider now owns 10,000,000 shares of the company's stock, valued at approximately $195,100,000. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.
