KKR & Co. Inc. (NYSE:KKR – Get Rating)'s share price reached a new 52-week low on Friday . The company traded as low as $43.87 and last traded at $43.97, with a volume of 47769 shares traded. The stock had previously closed at $45.11.
Wall Street Analysts Forecast Growth
A number of research firms have commented on KKR. JMP Securities decreased 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 note on Tuesday, July 12th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a report on Tuesday, August 16th. Wells Fargo & Company dropped their price objective on shares of KKR & Co. Inc. from $72.00 to $63.00 and set an "overweight" rating on the stock in a report on Wednesday, July 13th. Piper Sandler reduced their target price on KKR & Co. Inc. from $86.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. Finally, Evercore ISI set a $65.00 price objective on KKR & Co. Inc. in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $75.04.
Get KKR & Co. Inc. alerts:KKR & Co. Inc. Stock Down 2.7 %
The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.08 and a current ratio of 0.08. The firm has a market cap of $37.74 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.58 and a beta of 1.53. The business's 50 day moving average price is $51.84 and its 200 day moving average price is $52.41.
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 net margin of 8.25% and a return on equity of 7.23%. The firm had revenue of $303.10 million for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was down 59.0% compared to the same quarter last year. On average, equities analysts forecast that KKR & Co. Inc. will post 3.37 EPS for the current year.KKR & Co. Inc. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Monday, August 15th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.62 dividend on an annualized basis and a yield of 1.41%. KKR & Co. Inc.'s dividend payout ratio is currently 48.44%.
Insider Activity
In related news, major shareholder Kkr Group Partnership L.P. sold 5,750,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $14.10, for a total value of $81,075,000.00. Following the sale, the insider now owns 572,354 shares of the company's stock, valued at approximately $8,070,191.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 5,750,000 shares of the firm's stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $14.10, for a total value of $81,075,000.00. Following the transaction, the insider now directly owns 572,354 shares of the company's stock, valued at approximately $8,070,191.40. The sale was disclosed in a 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 stock was sold at an average price of $56.94, for a total value of $3,416,400.00. Following the sale, the general counsel now owns 1,474,144 shares of the company's stock, valued at $83,937,759.36. The disclosure for this sale can be found here. Company insiders own 39.34% of the company's stock.
Institutional Investors Weigh In On KKR & Co. Inc.
Large investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in KKR & Co. Inc. by 12.4% during the 4th quarter. LPL Financial LLC now owns 313,801 shares of the asset manager's stock valued at $23,378,000 after acquiring an additional 34,705 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in KKR & Co. Inc. by 1.8% during the first quarter. United Capital Financial Advisers LLC now owns 403,045 shares of the asset manager's stock worth $23,566,000 after buying an additional 7,149 shares in the last quarter. XML Financial LLC acquired a new position in KKR & Co. Inc. during the first quarter worth $214,000. Canada Pension Plan Investment Board grew its holdings in KKR & Co. Inc. by 1,739.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 483,425 shares of the asset manager's stock valued at $28,266,000 after buying an additional 457,147 shares in the last quarter. Finally, UMB Bank N A MO increased its stake in shares of KKR & Co. Inc. by 363.1% in the 1st quarter. UMB Bank N A MO now owns 134,583 shares of the asset manager's stock worth $7,869,000 after acquiring an additional 105,519 shares during the last quarter. Hedge funds and other institutional investors own 52.58% of the company's stock.
About KKR & Co. Inc.
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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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