KKR & Co. Inc. (NYSE:KKR) Increases Dividend to $0.18 Per Share

KKR & Co. Inc. (NYSE:KKR) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be given a dividend of 0.175 per share by the asset manager on Tuesday, May 28th. This represents a $0.70 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17.

KKR & Co. Inc. has increased its dividend payment by an average of 7.0% per year over the last three years and has raised its dividend every year for the last 4 years. KKR & Co. Inc. has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Analysts expect KKR & Co. Inc. to earn $5.35 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 13.1%.

KKR & Co. Inc. Stock Up 0.2 %

KKR stock opened at $99.69 on Thursday. The stock has a market capitalization of $88.23 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. The company has a fifty day moving average of $97.81 and a 200-day moving average of $85.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. KKR & Co. Inc. has a one year low of $47.79 and a one year high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. As a group, analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on KKR shares. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Barclays raised their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. TD Cowen decreased their target price on KKR & Co. Inc. from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the transaction, the insider now owns 1,000,687 shares in the company, valued at $25,017,175. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.