KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $128.00 at Oppenheimer

KKR & Co. Inc. (NYSE:KKR) had its target price increased by Oppenheimer from $121.00 to $128.00 in a report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

KKR has been the subject of a number of other reports. StockNews.com lowered KKR & Co. Inc. from a hold rating to a sell rating in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods restated an outperform rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday. Jefferies Financial Group reduced their price target on KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating on the stock in a report on Thursday, May 9th. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating on the stock in a research report on Monday, July 8th. Finally, Barclays raised their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an overweight rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $116.00.

KKR & Co. Inc. Trading Down 9.3 %

Shares of KKR stock opened at $108.62 on Thursday. KKR & Co. Inc. has a fifty-two week low of $53.72 and a fifty-two week high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s fifty day moving average is $109.59 and its two-hundred day moving average is $101.01. The firm has a market capitalization of $96.39 billion, a P/E ratio of 24.35, a PEG ratio of 1.07 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $0.58 earnings per share. Research analysts expect that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th will be paid a $0.175 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. KKR & Co. Inc.’s payout ratio is presently 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the transaction, the insider now directly owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the sale, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following 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. In the last 90 days, insiders have sold 37,554,644 shares of company stock valued at $1,725,355,039. Corporate insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently bought and sold shares of KKR. Crestwood Advisors Group LLC boosted its stake in shares of KKR & Co. Inc. by 2.1% in 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 KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after acquiring an additional 99 shares in the last quarter. Whittier Trust Co. lifted its stake in KKR & Co. Inc. by 4.5% in the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after acquiring an additional 103 shares during the last quarter. First Bank & Trust grew its holdings in KKR & Co. Inc. by 1.6% during the 2nd quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after acquiring an additional 104 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 2.1% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock valued at $552,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other 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.