KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $149.00

KKR & Co. Inc. (NYSE:KKR) had its price target upped by Barclays from $146.00 to $149.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the asset manager’s stock.

A number of other research firms also recently weighed in on KKR. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research note on Thursday, September 12th. They issued an equal weight rating and a $130.00 price target on the stock. Argus upgraded KKR & Co. Inc. to a strong-buy rating in a research report on Thursday, August 1st. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an outperform rating in a research report on Monday, July 15th. TD Cowen boosted their price objective on KKR & Co. Inc. from $145.00 to $154.00 and gave the company a buy rating in a research note on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a buy rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $141.00.

KKR & Co. Inc. Trading Down 1.3 %

Shares of KKR & Co. Inc. stock opened at $133.14 on Monday. The company has a market capitalization of $118.15 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day simple moving average of $122.66 and a two-hundred day simple moving average of $110.91. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $135.25.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter in the prior year, the business posted $0.58 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 3.99 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost 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 of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Willner & Heller LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $212,000. Factory Mutual Insurance Co. boosted its position in KKR & Co. Inc. by 23.5% during the 3rd quarter. Factory Mutual Insurance Co. now owns 210,000 shares of the asset manager’s stock valued at $27,422,000 after acquiring an additional 40,000 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $214,000. Exchange Traded Concepts LLC boosted its holdings in shares of KKR & Co. Inc. by 10,185.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,274 shares of the asset manager’s stock valued at $819,000 after buying an additional 6,213 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in KKR & Co. Inc. in the third quarter worth about $293,000. 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.