KKR & Co. Inc. (NYSE:KKR – Free Report) had its price objective increased by JMP Securities from $135.00 to $150.00 in a research report report published on Wednesday, Benzinga reports. JMP Securities currently has a market outperform rating on the asset manager’s stock.
Several other research firms also recently commented on KKR. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Barclays lifted their price target on shares of KKR & Co. Inc. from $146.00 to $149.00 and gave the stock an overweight rating in a research note on Monday, October 7th. Argus raised shares of KKR & Co. Inc. to a strong-buy rating in a research note on Thursday, August 1st. StockNews.com raised shares of KKR & Co. Inc. to a sell rating in a research note on Monday, October 7th. Finally, TD Cowen lifted their price target on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a buy rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $141.00.
Read Our Latest Analysis on KKR & Co. Inc.
KKR & Co. Inc. Trading Up 1.9 %
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.58 earnings per share. Sell-side analysts forecast 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 issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 15.70%.
Insider Activity at KKR & Co. Inc.
In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly 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 position. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On KKR & Co. Inc.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Washington Trust Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $219,000. Cobalt Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 275.0% in the 4th quarter. Cobalt Capital Management Inc. now owns 150,000 shares of the asset manager’s stock worth $12,428,000 after purchasing an additional 110,000 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $571,000. BlueCrest Capital Management Ltd purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $356,000. Finally, Bain Capital Public Equity LP purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth about $4,407,000. 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.
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