KKR & Co. Inc. (NYSE:KKR) Downgraded by StockNews.com

StockNews.com downgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a sell rating in a research note published on Wednesday.

Other equities analysts have also recently issued research reports about the company. JMP Securities increased their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a market outperform rating in a report on Tuesday, April 9th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. Barclays raised their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an overweight rating in a report on Monday, April 8th. TD Cowen raised their price objective on KKR & Co. Inc. to $144.00 and gave the company a buy rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods restated an outperform rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $90.64.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $95.54 on Wednesday. The company has a market capitalization of $84.55 billion, a PE ratio of 23.42, a PEG ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $97.58 and its 200 day simple moving average is $83.13.

KKR & Co. Inc. (NYSE:KKR) last released its 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.21% and a net margin of 25.74%. On average, research analysts predict that KKR & Co. Inc. will post 4.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is currently 16.18%.

Insiders Place Their Bets

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the transaction, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. in the first quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Missouri Trust & Investment Co increased its stake in KKR & Co. Inc. by 408.9% in the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 368 shares during the last quarter. Finally, First United Bank & Trust bought a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $41,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.