KKR & Co. Inc. (NYSE:KKR) PT Raised to $128.00 at Oppenheimer

KKR & Co. Inc. (NYSE:KKR) had its price objective boosted by Oppenheimer from $121.00 to $128.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

KKR has been the subject of several other research reports. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating for the company in a research report on Monday, July 8th. Jefferies Financial Group reduced their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating for the company in a research report on Thursday, May 9th. JMP Securities raised their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a buy rating in a research note on Thursday. Finally, Barclays upped their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an overweight rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $116.00.

KKR & Co. Inc. Price Performance

KKR traded down $2.39 on Thursday, reaching $106.23. The company had a trading volume of 8,331,631 shares, compared to its average volume of 4,975,771. The company has a fifty day moving average of $109.59 and a 200-day moving average of $101.15. The company has a market capitalization of $94.27 billion, a P/E ratio of 24.00, a PEG ratio of 1.07 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.58 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be issued 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 yield of 0.66%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at $30,557,025.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, 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. Insiders have sold a total of 37,554,644 shares of company stock worth $1,725,355,039 over the last 90 days. Insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. Blue Trust Inc. raised its holdings in shares of KKR & Co. Inc. by 197.2% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares during the last quarter. Riverview Trust Co bought a new stake in KKR & Co. Inc. in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc lifted its stake in KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 218 shares in the last quarter. Mather Group LLC. raised its stake in shares of KKR & Co. Inc. by 371.4% during the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $30,000. 76.26% of the stock is owned by institutional investors.

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.