KKR & Co. Inc. (KKR) To Go Ex-Dividend on February 15th

KKR & Co. Inc. (NYSE:KKRGet Free Report) announced a quarterly dividend on Tuesday, February 6th, Zacks reports. Stockholders of record on Friday, February 16th will be paid a dividend of 0.165 per share by the asset manager on Friday, March 1st. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Thursday, February 15th.

KKR & Co. Inc. has increased its dividend by an average of 7.0% per year over the last three years and has raised its dividend every year for the last 4 years. KKR & Co. Inc. has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KKR & Co. Inc. to earn $5.28 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 12.5%.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $97.60 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average price is $83.77 and its 200-day moving average price is $69.73. The firm has a market cap of $86.38 billion, a P/E ratio of 23.92, a P/E/G ratio of 0.88 and a beta of 1.60. KKR & Co. Inc. has a 12 month low of $47.46 and a 12 month high of $98.63.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KKR. Wells Fargo & Company boosted their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. JMP Securities raised their target price on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 7th. The Goldman Sachs Group boosted their target price on shares of KKR & Co. Inc. from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Morgan Stanley boosted 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. Finally, Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

Check Out Our Latest Report on KKR & Co. Inc.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently added to or reduced their stakes in KKR. Nuveen Asset Management LLC lifted its position in KKR & Co. Inc. by 33.8% in the second quarter. Nuveen Asset Management LLC now owns 2,186,558 shares of the asset manager’s stock valued at $122,447,000 after buying an additional 552,909 shares during the last quarter. National Pension Service boosted its position in shares of KKR & Co. Inc. by 32.9% during the 2nd quarter. National Pension Service now owns 957,381 shares of the asset manager’s stock worth $53,565,000 after purchasing an additional 237,136 shares during the period. Alliancebernstein L.P. increased its holdings in KKR & Co. Inc. by 8.0% in the 2nd quarter. Alliancebernstein L.P. now owns 282,398 shares of the asset manager’s stock valued at $15,814,000 after purchasing an additional 20,849 shares during the last quarter. Bragg Financial Advisors Inc purchased a new stake in KKR & Co. Inc. in the second quarter valued at approximately $212,000. Finally, Public Employees Retirement System of Ohio lifted its stake in KKR & Co. Inc. by 2.8% during the second quarter. Public Employees Retirement System of Ohio now owns 292,411 shares of the asset manager’s stock worth $16,375,000 after purchasing an additional 7,974 shares in the last quarter. 54.97% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

(Get Free Report)

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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Dividend History for KKR & Co. Inc. (NYSE:KKR)

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