Shares of KKR & Co. Inc. (NYSE:KKR – Get Rating) have received an average recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $75.04.
A number of brokerages have issued reports on KKR. StockNews.com upgraded KKR & Co. Inc. to a "sell" rating in a research report on Tuesday, August 16th. Morgan Stanley reduced their price target on KKR & Co. Inc. from $72.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 19th. JMP Securities reduced their price target on KKR & Co. Inc. from $85.00 to $80.00 and set a "market outperform" rating for the company in a research report on Tuesday, July 12th. Piper Sandler cut their price objective on KKR & Co. Inc. from $86.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $65.00 to $68.00 and gave the company a "buy" rating in a report on Friday, August 12th.
Get KKR & Co. Inc. alerts:KKR & Co. Inc. Price Performance
Shares of KKR opened at $43.89 on Friday. The company has a market cap of $37.74 billion, a P/E ratio of 34.29, a PEG ratio of 3.66 and a beta of 1.53. The stock has a fifty day moving average price of $51.84 and a 200 day moving average price of $52.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $42.92 and a 12 month high of $83.90.
KKR & Co. Inc. (NYSE:KKR – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The asset manager reported $0.95 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.95. KKR & Co. Inc. had a return on equity of 7.23% and a net margin of 8.25%. The company had revenue of $303.10 million during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm's quarterly revenue was down 59.0% on a year-over-year basis. On average, research analysts forecast that KKR & Co. Inc. will post 3.37 earnings per share for the current year.KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, August 12th. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 48.44%.
Insider Transactions at KKR & Co. Inc.
In other news, General Counsel David Sorkin sold 60,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $56.94, for a total value of $3,416,400.00. Following the transaction, the general counsel now directly owns 1,474,144 shares of the company's stock, valued at $83,937,759.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Matt Cohler acquired 18,710 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $52.99 per share, with a total value of $991,442.90. Following the completion of the transaction, the director now owns 86,837 shares of the company's stock, valued at approximately $4,601,492.63. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel David Sorkin sold 60,000 shares of the business's stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $56.94, for a total transaction of $3,416,400.00. Following the transaction, the general counsel now directly owns 1,474,144 shares in the company, valued at $83,937,759.36. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in KKR & Co. Inc. by 1.9% during the first quarter. Vanguard Group Inc. now owns 33,640,830 shares of the asset manager's stock valued at $1,966,980,000 after purchasing an additional 624,549 shares in the last quarter. ValueAct Holdings L.P. grew its position in KKR & Co. Inc. by 17.0% during the second quarter. ValueAct Holdings L.P. now owns 26,456,563 shares of the asset manager's stock valued at $1,224,674,000 after purchasing an additional 3,851,214 shares in the last quarter. Principal Financial Group Inc. grew its position in KKR & Co. Inc. by 5.2% during the second quarter. Principal Financial Group Inc. now owns 23,635,103 shares of the asset manager's stock valued at $1,094,070,000 after purchasing an additional 1,177,018 shares in the last quarter. Akre Capital Management LLC grew its position in KKR & Co. Inc. by 3.4% during the second quarter. Akre Capital Management LLC now owns 15,375,912 shares of the asset manager's stock valued at $711,751,000 after purchasing an additional 510,592 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in KKR & Co. Inc. by 14.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 10,694,198 shares of the asset manager's stock valued at $625,290,000 after acquiring an additional 1,372,217 shares during the last quarter. 52.58% of the stock is owned by hedge funds and other institutional investors.
KKR & Co. Inc. Company Profile
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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.
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