Evercore ISI Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $145.00

KKR & Co. Inc. (NYSE:KKR) had its target price boosted by Evercore ISI from $135.00 to $145.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

Several other research analysts also recently weighed in on KKR. Keefe, Bruyette & Woods restated an “outperform” rating and set 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 increased their price objective on shares of KKR & Co. Inc. from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 7th. HSBC assumed coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $144.43.

KKR & Co. Inc. Stock Down 0.1 %

KKR opened at $135.67 on Monday. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $137.88. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $125.14 and a 200 day moving average price of $112.12. The company has a market cap of $120.39 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in KKR & Co. Inc. by 13.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 769 shares of the asset manager’s stock worth $81,000 after buying an additional 89 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after buying an additional 94 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in KKR & Co. Inc. by 1.3% during the second quarter. Centaurus Financial Inc. now owns 7,715 shares of the asset manager’s stock worth $812,000 after buying an additional 98 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in KKR & Co. Inc. by 2.4% during the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after buying an additional 99 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in KKR & Co. Inc. by 4.5% during the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after buying an additional 103 shares in the last quarter. Hedge funds and other 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.