KKR & Co. Inc. (NYSE:KKR) Given Average Rating of “Moderate Buy” by Brokerages

KKR & Co. Inc. (NYSE:KKR) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $161.43.

Several research firms have recently weighed in on KKR. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

KKR & Co. Inc. Stock Down 0.6 %

Shares of NYSE KKR opened at $115.39 on Wednesday. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The stock has a market cap of $102.49 billion, a PE ratio of 34.65, a P/E/G ratio of 1.00 and a beta of 1.72. 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 company has a 50-day moving average of $145.94 and a 200 day moving average of $142.18.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. Pettinga Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $238,000. Janney Montgomery Scott LLC lifted its position in shares of KKR & Co. Inc. by 4.7% during the third quarter. Janney Montgomery Scott LLC now owns 106,488 shares of the asset manager’s stock worth $13,905,000 after purchasing an additional 4,763 shares in the last quarter. Van ECK Associates Corp raised its holdings in KKR & Co. Inc. by 4.3% in the third quarter. Van ECK Associates Corp now owns 17,166 shares of the asset manager’s stock valued at $2,378,000 after acquiring an additional 704 shares in the last quarter. National Pension Service raised its holdings in KKR & Co. Inc. by 23.9% in the third quarter. National Pension Service now owns 1,182,777 shares of the asset manager’s stock valued at $154,447,000 after acquiring an additional 228,079 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in KKR & Co. Inc. by 2.8% in the third quarter. Asset Management One Co. Ltd. now owns 246,238 shares of the asset manager’s stock valued at $32,154,000 after acquiring an additional 6,816 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.