KKR & Co. Inc. Announces Quarterly Dividend of $0.18 (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Monday, August 12th will be given a dividend of 0.175 per share by the asset manager on Tuesday, August 27th. This represents a $0.70 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Monday, August 12th.

KKR & Co. Inc. has raised its dividend payment by an average of 7.0% per year over the last three years. KKR & Co. Inc. has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $5.29 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.2%.

KKR & Co. Inc. Stock Down 3.0 %

Shares of NYSE KKR opened at $119.70 on Friday. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $128.79. The stock’s fifty day simple moving average is $109.54 and its two-hundred day simple moving average is $100.69. The stock has a market capitalization of $106.22 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.03%. The company had revenue of $986.51 million during the quarter, compared to analysts’ expectations of $989.14 million. As a group, analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,554,644 shares of company stock worth $1,725,355,039. 39.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday. StockNews.com downgraded shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Jefferies Financial Group reduced their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. JMP Securities increased their price objective on KKR & Co. Inc. from $115.00 to $135.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, TD Cowen lifted their target price on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.00.

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.