KKR & Co. Inc. (NYSE:KKR) Hits New 52-Week Low After Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR) reached a new 52-week low during trading 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 traded. The stock had previously closed at $87.68.

A number of other brokerages also recently weighed in on KKR. UBS Group lowered their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. 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. Oppenheimer dropped their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus target price of $151.80.

Insider Buying and Selling

In other news, Director Timothy R. Barakett purchased 50,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were acquired at an average price of $104.93 per share, with a total value of $5,246,500.00. Following the acquisition, the director directly owned 235,000 shares in the company, valued at approximately $24,658,550. The trade was a 27.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Scott C. Nuttall purchased 125,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after purchasing an additional 2,437 shares during the period. Bison Wealth LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $218,000. Sivia Capital Partners LLC raised its stake in KKR & Co. Inc. by 13.1% in the second quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after buying an additional 237 shares in the last quarter. United Bank purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at about $769,000. Finally, Savvy Advisors Inc. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $230,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Performance

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $78.53 billion, a PE ratio of 37.58, a P/E/G ratio of 0.63 and a beta of 1.99. The business’s 50-day moving average price is $117.03 and its 200-day moving average price is $125.31.

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

KKR & Co. Inc. Announces Dividend

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