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

KKR & Co. Inc. (NYSE:KKR)’s stock price dropped 8.5% 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. Approximately 4,196,140 shares changed hands during trading, a decline of 36% from the average daily volume of 6,515,161 shares. The stock had previously closed at $101.18.

A number of other analysts have also issued reports on KKR. 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. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Barclays decreased their price objective on KKR & Co. Inc. from $159.00 to $136.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Oppenheimer dropped 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, HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $153.50.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Matt Cohler acquired 43,872 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the completion of the transaction, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. The trade was 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 this hyperlink. Also, CEO Joseph Y. Bae purchased 125,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.19 per share, with a total value of $12,773,750.00. Following the completion of the acquisition, the chief executive officer owned 509,257 shares in the company, valued at $52,040,972.83. This represents a 32.53% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 343,872 shares of company stock valued at $35,367,179. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KKR. ESL Trust Services LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $26,000. Asset Dedication LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth approximately $26,000. GGM Financials LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $27,000. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC bought a new position in KKR & Co. Inc. during the 4th quarter worth $27,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 8.9%

The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average price is $120.99 and its 200 day moving average price is $127.11. The firm has a market cap of $82.14 billion, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last posted its 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 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 analyst estimates of $2.23 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. The company’s revenue for the quarter was up 76.1% on a year-over-year basis. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.185 dividend. 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 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.