KKR & Co. Inc. (NYSE:KKR) Reaches New 1-Year Low After Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR)’s share price reached a new 52-week low on Monday after Barclays lowered their price target on the stock from $136.00 to $127.00. Barclays currently has an overweight rating on the stock. KKR & Co. Inc. traded as low as $84.52 and last traded at $87.9550, with a volume of 2535271 shares trading hands. The stock had previously closed at $87.68.

KKR has been the subject of a number of other reports. Oppenheimer lowered their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, January 28th. Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, TD Cowen downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $151.80.

Insider Buying and Selling

In other KKR & Co. Inc. news, CEO Scott C. Nuttall purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer directly owned 15,503,748 shares of the company’s stock, valued at $1,591,614,769.68. The trade was a 0.81% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy R. Barakett purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was bought 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 owned 235,000 shares of the company’s stock, valued at $24,658,550. This represents a 27.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is owned by insiders.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $1,715,929,000. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $535,907,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $352,038,000. Farallon Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $257,216,000. Finally, Close Asset Management Ltd boosted its position in KKR & Co. Inc. by 4,155.1% during the third quarter. Close Asset Management Ltd now owns 1,515,299 shares of the asset manager’s stock worth $196,845,000 after acquiring an additional 1,479,688 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

The stock’s fifty day simple moving average is $117.03 and its two-hundred day simple moving average is $125.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $78.53 billion, a price-to-earnings ratio of 37.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.99.

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

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.74 annualized dividend and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

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.