KKR & Co. Inc. (NYSE:KKR) PT Raised to $129.00

KKR & Co. Inc. (NYSE:KKRFree Report) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $120.00 to $129.00 in a report issued on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the asset manager’s stock.

KKR has been the subject of a number of other research reports. TD Cowen lowered their price target on KKR & Co. Inc. from $154.00 to $148.00 and set a buy rating for the company in a research report on Thursday, May 2nd. JMP Securities increased their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a report on Tuesday, April 9th. Barclays boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Finally, StockNews.com lowered KKR & Co. Inc. from a hold rating to a sell rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of Moderate Buy and an average target price of $98.57.

Check Out Our Latest Research Report on KKR

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $109.17 on Tuesday. The business has a 50-day simple moving average of $101.05 and a 200 day simple moving average of $93.21. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $113.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market capitalization of $96.88 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.97 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The firm had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. On average, research analysts anticipate that KKR & Co. Inc. will post 4.06 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.175 dividend. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a dividend yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other news, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now directly owns 1,000,687 shares of the company’s stock, valued at $25,017,175. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the sale, the insider now directly owns 33,133,123 shares in the company, valued at $413,501,375.04. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in KKR & Co. Inc. by 197.2% during the fourth 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 purchased a new position in shares of KKR & Co. Inc. in the first quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $30,000. Missouri Trust & Investment Co increased its holdings in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares in the last quarter. Finally, First United Bank & Trust acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

(Get Free Report)

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.

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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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