KKR & Co. Inc. (NYSE:KKR) PT Raised to $150.00

KKR & Co. Inc. (NYSE:KKR) had its price target raised by Citigroup from $130.00 to $150.00 in a research note published on Friday morning, Benzinga reports. Citigroup currently has a buy rating on the asset manager’s stock.

Several other equities analysts have also recently issued reports on the company. Barclays boosted their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods restated an outperform rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. StockNews.com cut KKR & Co. Inc. from a hold rating to a sell rating in a research report on Wednesday, May 15th. Oppenheimer boosted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Finally, Evercore ISI boosted their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the company an outperform rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $116.00.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded up $4.74 during mid-day trading on Friday, hitting $110.97. 2,879,018 shares of the stock were exchanged, compared to its average volume of 4,961,961. The stock’s fifty day simple moving average is $109.58 and its two-hundred day simple moving average is $101.32. The stock has a market capitalization of $98.47 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 1.07 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $128.79. 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 quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $0.58 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 shares were purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the purchase, the insider now owns 9,688,618 shares in the company, valued at $247,641,076.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. Insiders have sold 37,554,644 shares of company stock valued at $1,725,355,039 in the last quarter. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of KKR. Blue Trust Inc. lifted its stake in KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares in the last quarter. Riverview Trust Co purchased a new position in shares of KKR & Co. Inc. during the 1st quarter worth $27,000. Versant Capital Management Inc lifted its stake in shares of KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after purchasing an additional 218 shares during the period. Mather Group LLC. lifted 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 during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.