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

KKR & Co. Inc. (NYSE:KKR) announced 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 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, May 10th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17.

KKR & Co. Inc. has increased its dividend by an average of 7.0% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. KKR & Co. Inc. has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities 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. Trading Up 0.2 %

KKR stock opened at $99.69 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. KKR & Co. Inc. has a 1-year low of $47.79 and a 1-year high of $103.48. The business has a 50 day simple moving average of $97.81 and a two-hundred day simple moving average of $85.37. The company has a market capitalization of $88.23 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 0.81 and a beta of 1.62.

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

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the transaction, the insider now owns 429,259 shares in the company, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $136,206,000.00. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on KKR. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $104.00 target price on shares of KKR & Co. Inc. in a report on Thursday, April 4th. StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target 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.