Morgan Stanley Trims KKR & Co Inc (KKR) Target Price to $25.00
KKR & Co Inc (NYSE:KKR) had its price target decreased by Morgan Stanley from $27.00 to $25.00 in a research report released on Wednesday. Morgan Stanley currently has a hold rating on the asset manager’s stock.
Several other research analysts have also issued reports on the company. Argus raised KKR & Co Inc from a hold rating to a buy rating and set a $31.33 target price for the company in a research report on Friday, October 26th. They noted that the move was a valuation call. Oppenheimer set a $35.00 price objective on KKR & Co Inc and gave the stock a buy rating in a research report on Thursday, October 25th. Zacks Investment Research raised KKR & Co Inc from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Wednesday, October 17th. Wells Fargo & Co reissued a buy rating on shares of KKR & Co Inc in a research report on Monday, October 15th. Finally, Deutsche Bank lowered their price objective on KKR & Co Inc from $29.00 to $27.00 and set a hold rating for the company in a research report on Thursday, October 11th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $30.18.
Shares of NYSE KKR traded down $0.13 during mid-day trading on Wednesday, hitting $22.29. 724,264 shares of the stock traded hands, compared to its average volume of 4,560,159. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.82. KKR & Co Inc has a twelve month low of $18.74 and a twelve month high of $28.73. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be issued a $0.125 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.24%. KKR & Co Inc’s dividend payout ratio (DPR) is presently 21.01%.
In related news, major shareholder Fund Holdings L.P. Kkr purchased 30,076 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were bought at an average price of $14.14 per share, with a total value of $425,274.64. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 91,481 shares of company stock worth $1,385,591 in the last ninety days.
Several institutional investors have recently added to or reduced their stakes in the company. Edge Wealth Management LLC purchased a new stake in shares of KKR & Co Inc during the third quarter worth about $104,000. Financial Architects Inc purchased a new stake in shares of KKR & Co Inc during the third quarter worth about $106,000. Rockefeller Capital Management L.P. purchased a new stake in shares of KKR & Co Inc during the second quarter worth about $102,000. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of KKR & Co Inc during the third quarter worth about $126,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of KKR & Co Inc during the second quarter worth about $137,000. 62.98% of the stock is currently owned by hedge funds and other institutional investors.
About KKR & Co Inc
KKR & Co L.P. 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, and middle market investments.
Featured Story: Tariff
Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.