KKR & Co. Inc. (NYSE:KKR) Trading Down 8.9% – What’s Next?

Shares of KKR & Co. Inc. (NYSE:KKR) fell 8.9% during trading on Tuesday . The stock traded as low as $122.11 and last traded at $121.12. 2,880,909 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 4,458,838 shares. The stock had previously closed at $133.01.

Analysts Set New Price Targets

Several research firms have recently commented on KKR. Hsbc Global Res lowered shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. Morgan Stanley dropped their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods dropped 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 report on Monday, January 13th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.43.

KKR & Co. Inc. Price Performance

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 business’s 50 day simple moving average is $148.61 and its 200-day simple moving average is $142.20. The stock has a market capitalization of $106.22 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s payout ratio is 21.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted its stake in KKR & Co. Inc. by 17.8% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager’s stock valued at $64,000 after purchasing an additional 65 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager’s stock worth $2,430,000 after buying an additional 69 shares in the last quarter. Ballentine Partners LLC raised its position in shares of KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after buying an additional 70 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of KKR & Co. Inc. by 5.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager’s stock worth $191,000 after buying an additional 70 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of KKR & Co. Inc. by 0.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after buying an additional 73 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.