KKR & Co. Inc. (NYSE:KKR) PT Raised to $150.00

KKR & Co. Inc. (NYSE:KKR) had its price target increased by Citigroup from $130.00 to $150.00 in a report published on Friday, Benzinga reports. Citigroup currently has a buy rating on the asset manager’s stock.

A number of other research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KKR & Co. Inc. from $128.00 to $141.00 and gave the company a buy rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods restated an outperform rating and issued a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Barclays lifted their price target 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. StockNews.com lowered shares of KKR & Co. Inc. from a hold rating to a sell rating in a research report on Wednesday, May 15th. Finally, JMP Securities lifted their price target on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a market outperform rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $116.00.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $4.74 during trading hours on Friday, hitting $110.97. The stock had a trading volume of 2,879,018 shares, compared to its average volume of 4,961,961. The stock’s fifty day simple moving average is $109.58 and its 200 day simple moving average is $101.32. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79. The firm has a market capitalization of $98.47 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.07 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.58 earnings per share. Sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares of the company’s stock, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, 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. Insiders sold 37,554,644 shares of company stock valued at $1,725,355,039 in the last quarter. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its holdings in shares of KKR & Co. Inc. by 2.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 142,025 shares of the asset manager’s stock worth $14,947,000 after purchasing an additional 2,983 shares during the period. Advisor OS LLC increased its holdings in shares of KKR & Co. Inc. by 28.1% during the 2nd quarter. Advisor OS LLC now owns 14,069 shares of the asset manager’s stock worth $1,481,000 after purchasing an additional 3,086 shares during the period. Candriam S.C.A. boosted its position in shares of KKR & Co. Inc. by 3.1% during the 2nd quarter. Candriam S.C.A. now owns 167,967 shares of the asset manager’s stock valued at $17,676,000 after acquiring an additional 4,976 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of KKR & Co. Inc. by 3.2% during the 2nd quarter. Private Advisor Group LLC now owns 14,686 shares of the asset manager’s stock valued at $1,546,000 after acquiring an additional 458 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of KKR & Co. Inc. by 566.6% during the 2nd quarter. New York Life Investment Management LLC now owns 73,922 shares of the asset manager’s stock valued at $7,780,000 after acquiring an additional 62,832 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

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.