KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $159.00

KKR & Co. Inc. (NYSE:KKR) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $158.00 to $159.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Several other research analysts also recently issued reports on KKR. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.93.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $152.16 on Monday. The firm’s 50-day moving average is $134.15 and its 200-day moving average is $118.33. KKR & Co. Inc. has a 52-week low of $65.91 and a 52-week high of $156.54. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $135.15 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 1.24 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several large investors have recently bought and sold shares of KKR. Atomi Financial Group Inc. acquired a new position in KKR & Co. Inc. in the first quarter valued at approximately $210,000. Concurrent Investment Advisors LLC lifted its holdings in KKR & Co. Inc. by 146.9% in the first quarter. Concurrent Investment Advisors LLC now owns 10,457 shares of the asset manager’s stock valued at $1,052,000 after buying an additional 6,221 shares during the period. Meeder Advisory Services Inc. lifted its holdings in KKR & Co. Inc. by 12.0% in the first quarter. Meeder Advisory Services Inc. now owns 4,313 shares of the asset manager’s stock valued at $434,000 after buying an additional 463 shares during the period. QRG Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 231.9% in the first quarter. QRG Capital Management Inc. now owns 17,897 shares of the asset manager’s stock valued at $1,800,000 after buying an additional 12,504 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in KKR & Co. Inc. by 144.3% in the first quarter. Russell Investments Group Ltd. now owns 190,911 shares of the asset manager’s stock valued at $19,200,000 after buying an additional 112,767 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.