KKR & Co. Inc. (NYSE:KKR) Upgraded by StockNews.com to Sell

StockNews.com upgraded shares of KKR & Co. Inc. (NYSE:KKR) to a sell rating in a research report report published on Saturday morning.

A number of other brokerages have also weighed in on KKR. Barclays raised their target price on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Wells Fargo & Company started coverage on KKR & Co. Inc. in a research report on Thursday, September 12th. They set an equal weight rating and a $130.00 price objective on the stock. Hsbc Global Res upgraded KKR & Co. Inc. to a strong-buy rating in a research report on Wednesday. Keefe, Bruyette & Woods restated an outperform rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Finally, Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $128.27.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $133.23 on Friday. The business has a fifty day simple moving average of $118.86 and a 200 day simple moving average of $107.83. The company has a market cap of $118.23 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. On average, sell-side analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently made changes to their positions in KKR. Gilbert & Cook Inc. grew its stake in KKR & Co. Inc. by 5.8% in the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after acquiring an additional 792 shares during the period. Avantax Advisory Services Inc. grew its position in KKR & Co. Inc. by 5.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,567 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 196 shares during the period. Quadrant Capital Group LLC increased its stake in KKR & Co. Inc. by 141.0% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 571 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $255,000. Finally, Corient Private Wealth LLC lifted its stake in shares of KKR & Co. Inc. by 21.8% in the fourth quarter. Corient Private Wealth LLC now owns 114,552 shares of the asset manager’s stock valued at $9,491,000 after buying an additional 20,488 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.