KKR & Co. Inc. (NYSE:KKR) to Issue $0.19 Quarterly Dividend

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.185 per share by the asset manager on Tuesday, March 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, February 17th.

KKR & Co. Inc. has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KKR & Co. Inc. to earn $6.56 per share next year, which means the company should continue to be able to cover its $0.74 annual dividend with an expected future payout ratio of 11.3%.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $98.95 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day moving average price of $126.99 and a 200-day moving average price of $130.76. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $155.61. The firm has a market cap of $88.19 billion, a price-to-earnings ratio of 41.93, a price-to-earnings-growth ratio of 0.91 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The firm’s quarterly revenue was up 76.1% compared to the same quarter last year. Equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on KKR. Morgan Stanley cut their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. UBS Group decreased their target price on KKR & Co. Inc. from $176.00 to $168.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research note on Wednesday, January 28th. Finally, Hsbc Global Res upgraded shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.57.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.