KKR & Co. Inc. (NYSE:KKR) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of KKR & Co. Inc. (NYSE:KKR) to a sell rating in a research note published on Monday morning.

Other equities analysts have also recently issued research reports about the stock. Hsbc Global Res raised shares of KKR & Co. Inc. to a strong-buy rating in a research report on Wednesday, September 18th. Evercore ISI lifted their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an outperform rating in a report on Monday, July 15th. Keefe, Bruyette & Woods restated an outperform rating and issued a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a buy rating in a research note on Thursday, October 3rd. Finally, TD Cowen increased their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a buy rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $136.64.

KKR & Co. Inc. Stock Up 2.7 %

Shares of NYSE:KKR opened at $134.96 on Monday. The business’s 50 day moving average is $122.44 and its 200 day moving average is $110.74. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $135.10. The stock has a market cap of $119.76 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.11 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the previous year, the firm earned $0.58 EPS. On average, sell-side analysts forecast that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. KKR & Co. Inc.’s payout ratio is 15.70%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction 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 completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently added to or reduced their stakes in KKR. Cibc World Markets Corp purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $1,327,000. Connectus Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $853,000. Evercore Wealth Management LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $253,000. Sei Investments Co. grew its position in KKR & Co. Inc. by 325.2% in the fourth quarter. Sei Investments Co. now owns 865,628 shares of the asset manager’s stock worth $71,717,000 after acquiring an additional 662,050 shares in the last quarter. Finally, XML Financial LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at $263,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.