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

KKR & Co. Inc. (NYSE:KKR) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $161.43.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s 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 transaction, the insider now owns 19,260,971 shares in the company, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 39.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $115.39 on Wednesday. The firm has a 50-day moving average price of $145.94 and a 200 day moving average price of $142.18. The firm has a market capitalization 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 quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 52-week low of $91.92 and a 52-week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

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.