KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Reduction from Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective trimmed by Barclays from $135.00 to $130.00 in a research note released on Thursday,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Oppenheimer upped their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Royal Bank Of Canada lifted their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, HSBC boosted their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

KKR & Co. Inc. Stock Up 1.5%

Shares of NYSE:KKR opened at $90.95 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market cap of $81.64 billion, a P/E ratio of 28.96, a P/E/G ratio of 0.79 and a beta of 1.83. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84. The company’s 50-day moving average price is $102.40 and its two-hundred day moving average price is $98.52.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 6.22 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of KKR. Castleview Partners LLC grew its position in KKR & Co. Inc. by 27.1% in the third quarter. Castleview Partners LLC now owns 60,980 shares of the asset manager’s stock valued at $5,568,000 after purchasing an additional 13,014 shares in the last quarter. Balefire LLC increased its stake in KKR & Co. Inc. by 9.6% in the 3rd quarter. Balefire LLC now owns 11,325 shares of the asset manager’s stock valued at $1,034,000 after buying an additional 991 shares during the last quarter. Riversedge Advisors LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth about $260,000. Wedmont Private Capital lifted its position in KKR & Co. Inc. by 146.6% during the 3rd quarter. Wedmont Private Capital now owns 14,590 shares of the asset manager’s stock worth $1,307,000 after buying an additional 8,673 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of KKR & Co. Inc. by 22.1% during the 3rd quarter. GAMMA Investing LLC now owns 16,816 shares of the asset manager’s stock worth $1,535,000 after buying an additional 3,044 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.