KKR & Co. Inc. (NYSE:KKR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have received an average recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $154.14.

Several analysts recently commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen raised their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley boosted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th.

Insiders Place Their Bets

In related news, 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 bought at an average price 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 100.7% in the first quarter. Advisors Asset Management Inc. now owns 20,055 shares of the asset manager’s stock valued at $2,017,000 after acquiring an additional 10,060 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of KKR & Co. Inc. by 118.5% during the first quarter. Lazard Asset Management LLC now owns 13,107 shares of the asset manager’s stock worth $1,318,000 after purchasing an additional 7,107 shares during the period. BOKF NA grew its position in shares of KKR & Co. Inc. by 240.3% in the 1st quarter. BOKF NA now owns 10,405 shares of the asset manager’s stock valued at $1,040,000 after buying an additional 7,347 shares during the last quarter. Sweeney & Michel LLC acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $483,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in KKR & Co. Inc. by 0.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,786 shares of the asset manager’s stock valued at $1,990,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $158.63 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $140.90 billion, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $67.99 and a twelve month high of $159.58. The company has a 50-day moving average of $139.68 and a 200-day moving average of $121.37.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm 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 quarter in the previous year, the company earned $0.73 EPS. Analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is presently 21.28%.

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.