HSBC Initiates Coverage on KKR & Co. Inc. (NYSE:KKR)

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

Several other research firms have also weighed in on KKR. Citigroup upped their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a buy rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods reissued an outperform rating and set a $144.00 price objective (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Evercore ISI upped their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an outperform rating in a research note on Monday, July 15th. Redburn Atlantic assumed coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a buy rating and a $153.00 price target for the company. Finally, Oppenheimer increased their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has an average rating of Moderate Buy and a consensus target price of $128.27.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $133.23 on Wednesday. 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. The company has a market cap of $118.23 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The business has a fifty day moving average of $118.86 and a two-hundred day moving average of $107.83.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 4.01 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders 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 was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 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 of the company’s stock, valued at $650,470,003.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its holdings in KKR & Co. Inc. by 5.8% during the 4th quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock worth $1,204,000 after buying an additional 792 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in KKR & Co. Inc. by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,239,911 shares of the asset manager’s stock worth $102,737,000 after purchasing an additional 58,027 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in 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 purchasing an additional 196 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in KKR & Co. Inc. by 141.0% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the asset manager’s stock worth $81,000 after purchasing an additional 571 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at $255,000. 76.26% of the stock is owned by 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.