KKR & Co. Inc. (NYSE:KKR) Reaches New 52-Week High – Still a Buy?

KKR & Co. Inc. (NYSE:KKR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $140.79 and last traded at $140.10, with a volume of 81600 shares traded. The stock had previously closed at $139.81.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research note on Monday, October 7th. The Goldman Sachs Group raised their price objective on KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Evercore ISI boosted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Oppenheimer increased their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $144.43.

KKR & Co. Inc. Stock Performance

The firm has a market cap of $125.20 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.14 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. The business’s 50-day simple moving average is $126.16 and its 200 day simple moving average is $112.77.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.58 EPS. As a group, equities analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Resource Council purchased a new position in KKR & Co. Inc. in the first quarter worth about $1,001,000. Wealth Enhancement Advisory Services LLC raised its holdings in KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after buying an additional 111,881 shares during the period. Janney Montgomery Scott LLC lifted its position in KKR & Co. Inc. by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 100,550 shares of the asset manager’s stock worth $10,113,000 after buying an additional 6,406 shares during the last quarter. Sei Investments Co. boosted its stake in KKR & Co. Inc. by 19.9% during the first quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock worth $104,355,000 after buying an additional 171,902 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in KKR & Co. Inc. by 42.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,814 shares of the asset manager’s stock valued at $4,206,000 after acquiring an additional 12,504 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.