KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $137.00 at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR) had its price target upped by The Goldman Sachs Group from $123.00 to $137.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the asset manager’s stock.

A number of other research firms also recently commented on KKR. Oppenheimer lifted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an outperform rating in a research note on Thursday. TD Cowen lowered their price target on KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating for the company in a report on Monday, July 8th. JMP Securities upped their price target on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a buy rating in a research note on Thursday. Finally, Evercore ISI raised 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of Moderate Buy and a consensus target price of $116.00.

KKR & Co. Inc. Stock Down 7.7 %

Shares of NYSE KKR traded down $9.27 during trading on Thursday, reaching $110.48. 3,336,614 shares of the stock were exchanged, compared to its average volume of 4,925,388. The company has a market capitalization of $98.04 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.62. The business’s 50-day moving average price is $109.54 and its 200 day moving average price is $100.69. 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 twelve month low of $53.72 and a twelve month high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced 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). KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.03%. The business had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. As a group, equities analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price 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 approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders sold 37,554,644 shares of company stock worth $1,725,355,039 in the last quarter. 39.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC boosted its stake in shares of KKR & Co. Inc. by 2.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock valued at $490,000 after buying an additional 94 shares during the period. Premier Path Wealth Partners LLC raised its holdings in shares of KKR & Co. Inc. by 2.4% during the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after acquiring an additional 99 shares in the last quarter. Whittier Trust Co. boosted its position in KKR & Co. Inc. by 4.5% during the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock valued at $241,000 after purchasing an additional 103 shares during the last quarter. First Bank & Trust increased its position in KKR & Co. Inc. by 1.6% in the 2nd quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after purchasing an additional 104 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in shares of KKR & Co. Inc. by 2.1% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock valued at $552,000 after buying an additional 106 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.