KKR & Co. Inc. (NYSE:KKR) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a research note released on Friday,Benzinga reports. The brokerage issued an outperform rating and a $148.00 price objective on the asset manager’s stock.

A number of other brokerages have also recently issued reports on KKR. Wells Fargo & Company raised their price objective on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Citizens Jmp cut shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. JMP Securities reaffirmed a “market perform” rating and issued a $150.00 price objective on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Finally, Piper Sandler assumed coverage on shares of KKR & Co. Inc. in a research note on Monday, June 30th. They issued an “overweight” rating and a $150.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.40.

KKR & Co. Inc. Price Performance

KKR opened at $127.51 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50 day simple moving average is $140.96 and its 200-day simple moving average is $128.34. The stock has a market capitalization of $113.60 billion, a P/E ratio of 59.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were given a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 11th. KKR & Co. Inc.’s payout ratio is 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the transaction, the chairman directly owned 81,361,978 shares of the company’s stock, valued at $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Saudi Central Bank acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $28,000. Clearstead Trust LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth $28,000. Pineridge Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth $31,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of KKR & Co. Inc. by 790.3% during the second quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager’s stock worth $37,000 after acquiring an additional 245 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $38,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.