KKR & Co. Inc. (NYSE:KKR) PT Raised to $141.00

KKR & Co. Inc. (NYSE:KKR) had its price target raised by Deutsche Bank Aktiengesellschaft from $128.00 to $141.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the asset manager’s stock.

A number of other analysts have also recently weighed in on KKR. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating on the stock in a report on Monday, July 8th. StockNews.com cut shares of KKR & Co. Inc. from a hold rating to a sell rating in a report on Wednesday, May 15th. Jefferies Financial Group dropped their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating on the stock in a report on Thursday, May 9th. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an outperform rating in a report on Monday, July 15th. Finally, Barclays increased their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an overweight rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $116.00.

KKR & Co. Inc. Stock Down 9.3 %

Shares of NYSE:KKR opened at $108.62 on Thursday. The stock has a market capitalization of $96.39 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79. The company’s fifty day moving average is $109.59 and its two-hundred day moving average is $101.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The disclosure for this purchase can be found here. In the last quarter, insiders sold 37,554,644 shares of company stock worth $1,725,355,039. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KKR. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of KKR & Co. Inc. by 77.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 69,594 shares of the asset manager’s stock worth $5,766,000 after purchasing an additional 30,368 shares during the period. Blue Trust Inc. boosted its holdings in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after purchasing an additional 211 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of KKR & Co. Inc. by 55.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,808 shares of the asset manager’s stock worth $229,000 after purchasing an additional 996 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of KKR & Co. Inc. by 88.8% during the fourth quarter. DAVENPORT & Co LLC now owns 10,575 shares of the asset manager’s stock worth $876,000 after purchasing an additional 4,975 shares during the period. Finally, Avitas Wealth Management LLC boosted its holdings in shares of KKR & Co. Inc. by 1.2% during the fourth quarter. Avitas Wealth Management LLC now owns 35,277 shares of the asset manager’s stock worth $2,923,000 after purchasing an additional 406 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.