KKR & Co. Inc. (NYSE:KKR) Rating Increased to Buy at HSBC

HSBC upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a buy rating in a report released on Tuesday morning, MarketBeat reports. HSBC currently has $119.00 target price on the asset manager’s stock, down from their prior target price of $170.00.

Other research analysts have also issued reports about the company. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. JMP Securities lowered their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Barclays cut their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Bank of America decreased their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $104.20 on Tuesday. The company has a market capitalization of $92.55 billion, a PE ratio of 31.29, a PEG ratio of 1.00 and a beta of 1.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s 50 day moving average price is $120.25 and its 200 day moving average price is $139.12. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.67%. KKR & Co. Inc.’s payout ratio is 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at $26,000. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth about $34,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.