KKR & Co. Inc. (NYSE:KKR) Given Consensus Recommendation of “Buy” by Brokerages

KKR & Co. Inc. (NYSE:KKR) has been given a consensus rating of “Buy” by the sixteen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $154.14.

KKR has been the subject of several analyst reports. Barclays increased their price target on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. TD Cowen increased their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Evercore ISI increased their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $162.87 on Monday. The firm has a market cap of $144.67 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 1.29 and a beta of 1.61. KKR & Co. Inc. has a 52-week low of $73.04 and a 52-week high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $142.74 and its 200 day moving average is $123.54.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the business posted $0.73 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost 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 in the company, valued at approximately $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 0.3% during the 3rd quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after buying an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of KKR & Co. Inc. by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares in the last quarter. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares during the period. Finally, FMR LLC increased its holdings in KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after acquiring an additional 165,631 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.