KKR & Co. Inc. (NYSE:KKR) Sets New 52-Week High at $128.85

KKR & Co. Inc. (NYSE:KKR) shares reached a new 52-week high on Wednesday . The stock traded as high as $128.85 and last traded at $127.42, with a volume of 63640 shares trading hands. The stock had previously closed at $127.97.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Oppenheimer raised their price objective on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 1st. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday. They set a “buy” rating and a $148.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.27.

KKR & Co. Inc. Stock Performance

The company has a market capitalization of $112.37 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 0.99 and a beta of 1.62. The stock has a 50-day moving average price of $117.53 and a 200-day moving average price of $107.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $0.58 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.55%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the acquisition, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 218 shares during the period. Mather Group LLC. lifted its stake in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares during the period. Riverview Trust Co acquired a new position in shares of KKR & Co. Inc. in the 1st quarter valued at about $27,000. American National Bank lifted its stake in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 235 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at about $38,000. 76.26% of the stock is 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.