KKR & Co. Inc. (NYSE:KKR) Receives $151.80 Average PT from Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $151.80.

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Barclays decreased their price objective on shares of KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Oppenheimer dropped their target price on shares of KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, February 6th. HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Wednesday, January 28th. Finally, UBS Group decreased their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th.

KKR & Co. Inc. Stock Up 3.4%

Shares of NYSE:KKR opened at $88.99 on Friday. The company has a market capitalization of $79.34 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 0.63 and a beta of 2.01. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The business has a 50-day moving average price of $107.20 and a 200 day moving average price of $121.01. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s payout ratio is currently 31.62%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 50,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the acquisition, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. The trade was a 21.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This represents a 0.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 393,872 shares of company stock worth $40,090,679 in the last 90 days. Insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in KKR & Co. Inc. by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 60,064,587 shares of the asset manager’s stock worth $7,657,034,000 after acquiring an additional 821,739 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of KKR & Co. Inc. by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock valued at $2,640,275,000 after purchasing an additional 765,457 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of KKR & Co. Inc. by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,995,742 shares of the asset manager’s stock valued at $1,903,220,000 after purchasing an additional 146,285 shares in the last quarter. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the 4th quarter worth $1,715,929,000. Finally, First Manhattan CO. LLC. lifted its position in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock worth $1,095,951,000 after purchasing an additional 67,441 shares during 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 global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.