KKR & Co. Inc. (NYSE:KKR) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

KKR & Co. Inc. (NYSE:KKR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $130.07 and traded as high as $151.77. KKR & Co. Inc. shares last traded at $149.86, with a volume of 1,571,881 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KKR. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. HSBC started coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price for the company. Evercore ISI lifted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Trading Down 1.7 %

The firm has a market capitalization of $133.11 billion, a price-to-earnings ratio of 45.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.63. The business’s 50 day moving average price is $150.56 and its 200-day moving average price is $130.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.73 EPS. Equities analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in 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 purchasing an additional 4,719 shares during the last quarter. XTX Topco Ltd boosted its position in shares of KKR & Co. Inc. by 116.8% in the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock worth $3,117,000 after buying an additional 15,959 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in KKR & Co. Inc. by 42.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock valued at $1,976,000 after acquiring an additional 4,481 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in KKR & Co. Inc. by 31.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock valued at $12,110,000 after acquiring an additional 22,007 shares in the last quarter. Finally, Caldwell Investment Management Ltd. raised its position in KKR & Co. Inc. by 3.3% during the third quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock worth $27,273,000 after acquiring an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.