KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $139.00

KKR & Co. Inc. (NYSE:KKR) had its price objective raised by Wells Fargo & Company from $130.00 to $139.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the asset manager’s stock.

Several other equities research analysts have also recently weighed in on KKR. Oppenheimer increased their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, August 1st. JMP Securities boosted their price target on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a market outperform rating in a research report on Wednesday. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Evercore ISI increased their price target on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an outperform rating in a report on Monday, July 15th. Finally, Hsbc Global Res raised KKR & Co. Inc. to a strong-buy rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of Moderate Buy and an average target price of $141.00.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $135.62 on Wednesday. The business has a 50 day moving average of $123.47 and a 200-day moving average of $111.31. The company has a market capitalization of $120.35 billion, a P/E ratio of 31.99, a P/E/G ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $135.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.20. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.58 EPS. On average, equities research analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders 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 annualized dividend and a yield of 0.52%. KKR & Co. Inc.’s payout ratio is 16.51%.

Insider Buying and Selling 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 dated Wednesday, September 11th. The stock was bought at an average cost of $11.13 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $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. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several institutional investors have recently made changes to their positions in KKR. Washington Trust Bank bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth approximately $219,000. Cobalt Capital Management Inc. boosted its stake in KKR & Co. Inc. by 275.0% in the fourth quarter. Cobalt Capital Management Inc. now owns 150,000 shares of the asset manager’s stock valued at $12,428,000 after acquiring an additional 110,000 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $571,000. BlueCrest Capital Management Ltd bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $356,000. Finally, Bain Capital Public Equity LP purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $4,407,000. 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.