KKR & Co. Inc. Declares Quarterly Dividend of $0.18 (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Monday, November 4th will be given a dividend of 0.175 per share by the asset manager on Tuesday, November 19th. This represents a $0.70 annualized dividend and a yield of 0.50%. The ex-dividend date is Monday, November 4th.

KKR & Co. Inc. has increased its dividend payment by an average of 7.0% annually over the last three years. KKR & Co. Inc. has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $5.27 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.3%.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $3.40 during midday trading on Friday, reaching $139.88. 2,802,274 shares of the stock were exchanged, compared to its average volume of 2,444,026. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $147.15. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $124.14 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.20 and a beta of 1.62. The business’s 50-day moving average price is $128.07 and its 200 day moving average price is $113.73.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on KKR. HSBC began coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. Barclays increased their price objective on KKR & Co. Inc. from $149.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup raised their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group increased their target price on KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. The trade was 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.

KKR & Co. Inc. Company Profile

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.