KKR & Co. Inc. (NYSE:KKR) Now Covered by HSBC

HSBC started coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a research report released on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $148.00 target price on the asset manager’s stock.

KKR has been the topic of a number of other reports. StockNews.com upgraded KKR & Co. Inc. to a sell rating in a research report on Thursday, September 12th. Redburn Atlantic started coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a buy rating and a $153.00 price objective on the stock. Oppenheimer boosted their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, Citigroup lifted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a buy rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $128.27.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $133.23 on Wednesday. The firm’s fifty day moving average is $118.86 and its two-hundred day moving average is $107.83. The firm has a market cap of $118.23 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 0.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $133.84.

KKR & Co. Inc. (NYSE:KKR) last issued 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 return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. Research analysts expect that KKR & Co. Inc. will post 4.01 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insiders Place Their Bets

In related 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 shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the company. Gilbert & Cook Inc. boosted its holdings in shares of 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. Dimensional Fund Advisors LP raised its holdings in shares of KKR & Co. Inc. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,239,911 shares of the asset manager’s stock valued at $102,737,000 after buying an additional 58,027 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of KKR & Co. Inc. by 5.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,567 shares of the asset manager’s stock worth $296,000 after buying an additional 196 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of KKR & Co. Inc. by 141.0% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock worth $81,000 after buying an additional 571 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.