KKR & Co. Inc. (NYSE:KKR) Hits New 52-Week Low Following Analyst Downgrade

KKR & Co. Inc. (NYSE:KKR - Get Free Report)'s stock price reached a new 52-week low during trading on Friday after TD Cowen lowered their price target on the stock from $183.00 to $126.00. TD Cowen currently has a buy rating on the stock. KKR & Co. Inc. traded as low as $90.92 and last traded at $90.55, with a volume of 3813740 shares trading hands. The stock had previously closed at $102.55.

Several other research analysts have also recently weighed in on the stock. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered 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 note on Monday, January 13th. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. Finally, Oppenheimer raised their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.80.

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Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently modified their holdings of the business. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $31,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $34,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Trading Up 10.4 %

The stock has a market cap of $92.66 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. 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 firm's fifty day simple moving average is $126.66 and its 200-day simple moving average is $140.29.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 0.67%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is presently 21.02%.

About KKR & Co. Inc.

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.