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

KKR & Co. Inc. (NYSE:KKR) reached a new 52-week low during trading on Friday after Bank of America lowered their price target on the stock from $214.00 to $194.00. Bank of America currently has a buy rating on the stock. KKR & Co. Inc. traded as low as $90.92 and last traded at $90.55, with a volume of 3813740 shares trading hands. The stock had previously closed at $102.55.

A number of other equities analysts have also weighed in on the company. Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $150.00 to $141.00 in a research note on Thursday, March 20th. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

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

KKR & Co. Inc. Price Performance

The company has a market capitalization of $82.38 billion, a PE ratio of 27.85, a PEG ratio of 1.00 and a beta of 1.77. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average price is $130.85 and its 200-day moving average price is $140.97.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

KKR & Co. Inc. Company Profile

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.