KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $148.00 by Analysts at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price target reduced by TD Cowen from $154.00 to $148.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised KKR & Co. Inc. from a sell rating to a hold rating in a research report on Thursday. JMP Securities upped their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a report on Tuesday, April 9th. Morgan Stanley lifted their target price on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an overweight rating in a research note on Wednesday, February 7th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an overweight rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $91.00.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock traded down $2.12 during mid-day trading on Thursday, hitting $95.01. 5,831,690 shares of the company’s stock traded hands, compared to its average volume of 3,719,035. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The stock has a market cap of $84.08 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.90 and a beta of 1.62. The firm has a 50 day simple moving average of $97.61 and a two-hundred day simple moving average of $84.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. On average, research analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.74%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 15.70%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KKR. Blue Trust Inc. boosted its holdings in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. in the first quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $30,000. Missouri Trust & Investment Co grew its holdings in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. Finally, First United Bank & Trust acquired a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $41,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

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.