KKR & Co. Inc. (NYSE:KKR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $126.86.

Several analysts have weighed in on the stock. Barclays lifted their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. JMP Securities boosted their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen boosted their price objective on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. Advisor Resource Council bought a new stake in KKR & Co. Inc. in the first quarter worth about $1,001,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after purchasing an additional 111,881 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $3,932,000. Janney Montgomery Scott LLC lifted its stake in KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock valued at $10,113,000 after purchasing an additional 6,406 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after purchasing an additional 11,134,363 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.0 %

Shares of NYSE KKR opened at $122.80 on Wednesday. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $128.79. The firm has a 50 day moving average price of $116.66 and a 200 day moving average price of $106.78. The stock has a market cap of $108.98 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. Analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

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.