KKR & Co. Inc. (NYSE:KKR) Hits New 12-Month High – Still a Buy?

KKR & Co. Inc. (NYSE:KKR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $161.53 and last traded at $161.27, with a volume of 3210581 shares changing hands. The stock had previously closed at $158.94.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KKR shares. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup increased their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Stock Up 1.5 %

The business’s 50-day moving average price is $140.99 and its 200-day moving average price is $122.33. 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 firm has a market capitalization of $143.24 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $0.73 earnings per share. As a group, equities research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. 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 shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were acquired 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 of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of the business. Swedbank AB lifted its holdings in shares of KKR & Co. Inc. by 33.5% during the second quarter. Swedbank AB now owns 65,432 shares of the asset manager’s stock valued at $6,886,000 after acquiring an additional 16,424 shares during the period. XTX Topco Ltd raised its holdings in shares of KKR & Co. Inc. by 116.8% in the second quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after buying an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of KKR & Co. Inc. by 42.1% in the third quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after buying an additional 4,481 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock valued at $7,559,000 after buying an additional 4,719 shares during the last quarter. Finally, Caldwell Investment Management Ltd. raised its holdings in KKR & Co. Inc. by 3.3% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock worth $27,273,000 after purchasing an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.