KKR & Co Inc (NYSE:KKR) declared a quarterly dividend on Thursday, July 25th, Fidelity reports. Shareholders of record on Monday, August 5th will be paid a dividend of 0.125 per share by the asset manager on Tuesday, August 20th. This represents a $0.50 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, August 2nd.
KKR & Co Inc has decreased its dividend payment by an average of 26.2% per year over the last three years. KKR & Co Inc has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KKR & Co Inc to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.3%.
KKR & Co Inc stock opened at $23.98 on Friday. The firm has a fifty day simple moving average of $25.76 and a two-hundred day simple moving average of $24.21. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $28.73. The company has a market capitalization of $13.28 billion, a PE ratio of 12.42, a P/E/G ratio of 6.96 and a beta of 1.65. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92.
In related news, General Counsel David Sorkin sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the completion of the transaction, the general counsel now directly owns 73,528 shares of the company’s stock, valued at $1,925,698.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr bought 2,647,100 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average cost of $17.00 per share, with a total value of $45,000,700.00. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.
Several equities research analysts recently commented on the stock. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays started coverage on shares of KKR & Co Inc in a research report on Monday, August 5th. They set an “equal weight” rating and a $29.00 price objective on the stock. ValuEngine cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Credit Suisse Group cut shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.70.
About KKR & Co Inc
KKR & Co L.P. 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.
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