Oppenheimer Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $148.00

KKR & Co. Inc. (NYSE:KKR) had its price target boosted by Oppenheimer from $128.00 to $148.00 in a research report released on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the asset manager’s stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JMP Securities lifted their target price on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $144.43.

KKR & Co. Inc. Stock Up 1.5 %

KKR opened at $139.86 on Wednesday. The stock’s fifty day simple moving average is $126.16 and its 200 day simple moving average is $112.58. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $140.15. The stock has a market cap of $124.11 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, research analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in KKR. Riverview Trust Co bought a new position in KKR & Co. Inc. in the 1st quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 218 shares during the period. Mather Group LLC. raised its stake in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 208 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth $31,000. Finally, American National Bank grew its stake in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after purchasing an additional 235 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.