KKR & Co. Inc. (NYSE:KKR) Shares Down 8.5% on Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR)’s share price traded down 8.5% during trading on Monday after UBS Group lowered their price target on the stock from $168.00 to $125.00. UBS Group currently has a buy rating on the stock. KKR & Co. Inc. traded as low as $92.16 and last traded at $92.6140. 4,196,140 shares were traded during trading, a decline of 36% from the average session volume of 6,515,161 shares. The stock had previously closed at $101.18.

A number of other equities research analysts also recently weighed in on the company. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Wednesday, January 28th. Barclays dropped their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Oppenheimer dropped their price target on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $153.50.

Insider Buying and Selling

In related news, Director Matt Cohler acquired 43,872 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the acquisition, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of KKR & Co. Inc. stock in a transaction on Monday, February 9th. The shares were purchased at an average cost of $104.93 per share, with a total value of $5,246,500.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at approximately $24,658,550. This represents a 27.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 343,872 shares of company stock valued at $35,367,179 over the last ninety days. 39.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in KKR. Compound Planning Inc. increased its stake in KKR & Co. Inc. by 68.8% in the 4th quarter. Compound Planning Inc. now owns 17,604 shares of the asset manager’s stock valued at $2,244,000 after buying an additional 7,172 shares during the period. ATX Financial Planning LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $806,000. First Growth Capital LLC acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth $301,000. Axxcess Wealth Management LLC raised its holdings in shares of KKR & Co. Inc. by 641.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 12,237 shares of the asset manager’s stock worth $1,560,000 after acquiring an additional 10,587 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in KKR & Co. Inc. by 5.5% during the fourth quarter. Corient Private Wealth LLC now owns 306,795 shares of the asset manager’s stock valued at $38,175,000 after purchasing an additional 15,895 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Down 8.9%

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 business has a 50 day simple moving average of $120.99 and a 200 day simple moving average of $127.11. The stock has a market cap of $82.14 billion, a PE ratio of 39.63, a P/E/G ratio of 0.80 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $2.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 11.97%.The firm’s revenue for the quarter was up 76.1% on a year-over-year basis. During the same period last year, the business earned $1.32 earnings per share. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

About KKR & Co. Inc.

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.