Analysts Set KKR & Co. Inc. (NYSE:KKR) Target Price at $151.80

Shares of KKR & Co. Inc. (NYSE:KKR) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $151.80.

A number of research firms recently commented on KKR. Oppenheimer decreased their price target on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a research report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 target price for the company. TD Cowen downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price target for the company from $146.00 to $131.00 in a report on Wednesday, January 14th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $90.02 on Friday. The firm has a fifty day moving average of $104.65 and a two-hundred day moving average of $120.12. The firm has a market cap of $80.25 billion, a P/E ratio of 38.47, a P/E/G ratio of 0.66 and a beta of 2.01. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $153.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall bought 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the acquisition, the chief executive officer owned 15,503,748 shares of the company’s stock, valued at approximately $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy R. Barakett purchased 50,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the transaction, the director owned 285,000 shares in the company, valued at approximately $26,923,950. The trade was a 21.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 393,872 shares of company stock worth $40,090,679 in the last ninety days. 23.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of KKR. Covenant Asset Management LLC lifted its stake in KKR & Co. Inc. by 1,424.8% in the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock valued at $3,876,000 after buying an additional 27,870 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of KKR & Co. Inc. by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock worth $170,736,000 after acquiring an additional 65,178 shares during the last quarter. Cumberland Partners Ltd increased its holdings in shares of KKR & Co. Inc. by 816.2% in the 3rd quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after acquiring an additional 22,976 shares during the period. Banco Santander S.A. increased its holdings in shares of KKR & Co. Inc. by 5,405.9% in the 3rd quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock worth $18,839,000 after acquiring an additional 142,337 shares during the period. Finally, Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock valued at $7,698,608,000 after purchasing an additional 585,893 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.