KKR & Co. Inc. (NYSE:KKR) Stock Has Average Price Target of $130.00

Shares of KKR & Co. Inc. (NYSE:KKR) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $127.46.

KKR has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Barclays increased their target price on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Morgan Stanley cut their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Argus boosted their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, BMO Capital Markets upped their price target on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $89.77 on Thursday. The company has a 50-day moving average of $102.85 and a 200-day moving average of $98.57. The company has a market capitalization of $80.58 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 0.79 and a beta of 1.83. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $1.18 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 6.22 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a $0.1950 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 10th. KKR & Co. Inc.’s payout ratio is currently 24.84%.

Insider Activity at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at $470,778,000. Bank of New York Mellon Corp acquired a new position in KKR & Co. Inc. during the 2nd quarter worth about $298,311,000. Temasek Holdings Private Ltd lifted its position in KKR & Co. Inc. by 164.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after buying an additional 2,190,248 shares in the last quarter. Deutsche Bank AG bought a new stake in KKR & Co. Inc. during the 2nd quarter worth about $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in KKR & Co. Inc. during the 2nd quarter worth about $147,628,000. 76.26% of the stock is owned by institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.