KKR & Co. Inc. (NYSE:KKR – Free Report) had its price objective decreased by TD Cowen from $118.00 to $103.00 in a report issued on Monday morning,Benzinga reports. TD Cowen currently has a hold rating on the asset manager’s stock.
Several other research analysts also recently weighed in on KKR. Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Argus boosted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada upped their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $124.42.
View Our Latest Stock Analysis on KKR
KKR & Co. Inc. Price Performance
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter last year, the business posted $1.18 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 6.22 earnings per share for the current fiscal year.
KKR & Co. Inc. Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Monday, August 10th were issued a dividend of $0.1950 per share. 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 (DPR) is currently 24.84%.
Insider Transactions at KKR & Co. Inc.
In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On KKR & Co. Inc.
Several large investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of KKR & Co. Inc. by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock valued at $1,804,470,000 after acquiring an additional 1,261,314 shares during the period. First Manhattan CO. LLC. raised its position in shares of KKR & Co. Inc. by 0.8% in 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 acquiring an additional 67,441 shares in the last quarter. Legal & General Group Plc bought a new position in shares of KKR & Co. Inc. in the 2nd quarter worth $470,778,000. Amundi raised its position in shares of KKR & Co. Inc. by 65.3% in the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after acquiring an additional 1,472,265 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in shares of 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 purchasing an additional 2,190,248 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.
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.
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