KKR & Co. Inc. (NYSE:KKR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $134.5333.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of KKR & Co. Inc. from $132.00 to $128.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Morgan Stanley cut their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Oppenheimer cut their price target on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, BMO Capital Markets cut their price target on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th.

KKR & Co. Inc. Trading Down 2.6%

Shares of NYSE:KKR opened at $90.20 on Tuesday. The firm has a fifty day moving average of $97.42 and a two-hundred day moving average of $105.50. The firm has a market capitalization of $80.99 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.79. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. The company had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. On average, equities analysts expect that KKR & Co. Inc. will post 5.53 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.19. KKR & Co. Inc.’s payout ratio is 26.53%.

KKR & Co. Inc. declared that its board has authorized a share repurchase plan on Tuesday, May 5th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the asset manager to reacquire up to 0.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Asset Dedication LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at $26,000. GGM Financials LLC bought a new position in KKR & Co. Inc. in the 3rd quarter worth $27,000. Washington Trust Advisors Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Elyxium Wealth LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth $27,000. Finally, SouthState Bank Corp raised its holdings in KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after acquiring an additional 148 shares during the period. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.