Evercore ISI Increases KKR & Co. Inc. (NYSE:KKR) Price Target to $117.00

KKR & Co. Inc. (NYSE:KKR) had its target price raised by Evercore ISI from $112.00 to $117.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

A number of other brokerages also recently commented on KKR. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating on the stock in a research note on Monday, July 8th. StockNews.com downgraded KKR & Co. Inc. from a hold rating to a sell rating in a report on Wednesday, May 15th. Keefe, Bruyette & Woods upped their target price on KKR & Co. Inc. from $116.00 to $125.00 and gave the stock an outperform rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the company a buy rating in a research note on Tuesday, June 11th. Finally, JMP Securities upped their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a market outperform rating in a research note on Tuesday, April 9th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $101.20.

KKR & Co. Inc. Price Performance

KKR opened at $113.80 on Monday. The business has a fifty day moving average of $106.48 and a 200 day moving average of $98.01. The stock has a market cap of $100.99 billion, a P/E ratio of 25.52, a PEG ratio of 1.03 and a beta of 1.62. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $117.07.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The company had revenue of $986.51 million for the quarter, compared to analysts’ expectations of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the acquisition, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Large investors have recently bought and sold shares of the stock. Advisor Resource Council purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at $1,001,000. Wealth Enhancement Advisory Services LLC grew its stake in KKR & Co. Inc. by 352.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after purchasing an additional 111,881 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at about $3,932,000. Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 11,134,363 shares during the period. Finally, Sei Investments Co. raised its stake in shares of KKR & Co. Inc. by 19.9% in the first quarter. Sei Investments Co. now owns 1,037,530 shares of the asset manager’s stock worth $104,355,000 after purchasing an additional 171,902 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.