KKR & Co. Inc. (NYSE:KKR) Hits New 52-Week Low – Time to Sell?

KKR & Co. Inc. (NYSE:KKR) reached a new 52-week low on Thursday . The company traded as low as $83.42 and last traded at $83.4250, with a volume of 2347675 shares. The stock had previously closed at $87.13.

Analysts Set New Price Targets

KKR has been the topic of a number of analyst reports. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Oppenheimer lowered their target price 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. Finally, UBS Group dropped their target price 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. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.80.

KKR & Co. Inc. Stock Performance

The company’s fifty day simple moving average is $110.83 and its two-hundred day simple moving average is $122.64. The company has a market capitalization of $74.56 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 0.65 and a beta of 2.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett purchased 50,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director owned 285,000 shares of the company’s stock, valued at $26,923,950. The trade was a 21.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $102.19 per share, for a total transaction of $12,773,750.00. Following the completion of the purchase, the chief executive officer directly owned 509,257 shares of the company’s stock, valued at $52,040,972.83. The trade was a 32.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 393,872 shares of company stock worth $40,090,679. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC grew its position in shares of KKR & Co. Inc. by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 301,370 shares of the asset manager’s stock valued at $38,419,000 after buying an additional 10,470 shares during the last quarter. Hsbc Holdings PLC raised its stake in KKR & Co. Inc. by 8.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,370,234 shares of the asset manager’s stock worth $174,955,000 after acquiring an additional 109,714 shares during the period. Mengis Capital Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter worth about $204,000. Kera Capital Partners Inc. lifted its holdings in KKR & Co. Inc. by 6.2% in the fourth quarter. Kera Capital Partners Inc. now owns 2,736 shares of the asset manager’s stock worth $349,000 after acquiring an additional 159 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. 76.26% of the stock is owned by institutional investors and hedge funds.

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.