KKR & Co. Inc. (NYSE:KKR) Upgraded by Wells Fargo & Company to Overweight Rating

Wells Fargo & Company upgraded shares of KKR & Co. Inc. (NYSE:KKR) from an equal weight rating to an overweight rating in a research note released on Thursday, MarketBeat Ratings reports. They currently have $141.00 target price on the asset manager’s stock, down from their previous target price of $150.00.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Morgan Stanley dropped their target price on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Barclays reduced their price target on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Trading Up 0.1 %

Shares of KKR stock opened at $116.71 on Thursday. The company has a market capitalization of $103.66 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $139.55 and its two-hundred day moving average is $141.36. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.60%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 21.02%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $26,000. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. during the fourth quarter worth approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.