KKR & Co. Inc. (NYSE:KKR) Price Target Increased to $125.00 by Analysts at Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR) had its price objective increased by Keefe, Bruyette & Woods from $116.00 to $125.00 in a research note released on Friday morning, Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other research firms also recently weighed in on KKR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a buy rating in a report on Tuesday, June 11th. StockNews.com downgraded shares of KKR & Co. Inc. from a hold rating to a sell rating in a report on Wednesday, May 15th. 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 report on Monday, July 8th. Jefferies Financial Group dropped their price target on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Finally, JMP Securities boosted their price target on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a market outperform rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $101.20.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $114.98 on Friday. The company has a market cap of $102.03 billion, a PE ratio of 25.78, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a fifty day moving average price of $105.86 and a two-hundred day moving average price of $97.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $115.00.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. Research analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.61%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is presently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was purchased at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total value of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently made changes to their positions in KKR. Wellington Management Group LLP boosted its holdings in KKR & Co. Inc. by 219.5% in the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after acquiring an additional 11,134,363 shares during the last quarter. Norges Bank bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $649,798,000. Winslow Capital Management LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $344,354,000. GQG Partners LLC bought a new position in KKR & Co. Inc. in the first quarter valued at about $217,004,000. Finally, Vanguard Group Inc. boosted its holdings in KKR & Co. Inc. by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after acquiring an additional 1,728,782 shares during the last quarter. 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.