KKR & Co. Inc. (NYSE:KKR – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be paid a dividend of 0.195 per share by the asset manager on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 10th.
KKR & Co. Inc. has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. KKR & Co. Inc. has a payout ratio of 11.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co. Inc. to earn $6.84 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 11.4%.
KKR & Co. Inc. Stock Up 0.7%
Shares of NYSE KKR opened at $101.69 on Friday. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $91.31 billion, a P/E ratio of 32.39, a P/E/G ratio of 0.85 and a beta of 1.79. The firm has a 50 day moving average price of $95.99 and a 200 day moving average price of $99.30.
Analyst Upgrades and Downgrades
Several brokerages recently commented on KKR. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. BMO Capital Markets decreased their target price on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Piper Sandler lowered their price target on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. The Goldman Sachs Group dropped their price target on KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Oppenheimer cut their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $129.75.
View Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Company Profile
KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.
KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.
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