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

KKR & Co. Inc. (NYSE:KKR) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders 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 dividend yield of 0.74%. 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 raised its dividend by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 3 years. KKR & Co. Inc. has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 $0.66 annual dividend with an expected future payout ratio of 12.3%.

KKR & Co. Inc. Trading Down 2.2 %

NYSE KKR traded down $2.12 during trading on Friday, hitting $95.01. The stock had a trading volume of 5,827,150 shares, compared to its average volume of 3,541,306. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The firm has a 50 day moving average price of $97.62 and a 200 day moving average price of $84.06. The company has a market capitalization of $84.08 billion, a PE ratio of 21.78, a PEG ratio of 0.88 and a beta of 1.62. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the transaction, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the acquisition, the insider now owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on KKR shares. Barclays increased their target price on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. StockNews.com upgraded shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Finally, Morgan Stanley upped their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.00.

KKR & Co. Inc. Company Profile

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.