The Goldman Sachs Group Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $145.00

KKR & Co. Inc. (NYSE:KKR) had its price objective upped by The Goldman Sachs Group from $137.00 to $145.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Other analysts have also recently issued reports about the stock. StockNews.com upgraded shares of KKR & Co. Inc. to a sell rating in a research note on Saturday, September 21st. Argus upgraded shares of KKR & Co. Inc. to a strong-buy rating in a research report on Thursday, August 1st. Barclays increased their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Finally, JMP Securities upped their target price on KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a market outperform rating in a research note on Thursday, August 1st. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of Moderate Buy and a consensus price target of $132.64.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $133.28 on Thursday. The company has a market cap of $118.27 billion, a price-to-earnings ratio of 29.88, a PEG 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 stock’s fifty day moving average price is $121.95 and its 200 day moving average price is $110.24. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $134.85.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, equities research analysts forecast that KKR & Co. Inc. will post 3.99 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

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

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $263,000. Cibc World Markets Corp purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $1,327,000. Baldwin Investment Management LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $373,000. Morningstar Investment Services LLC purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $315,000. Finally, Vinva Investment Management Ltd lifted its holdings in shares of KKR & Co. Inc. by 56.4% in the 4th quarter. Vinva Investment Management Ltd now owns 18,088 shares of the asset manager’s stock worth $1,512,000 after acquiring an additional 6,521 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.