Analysts Set KKR & Co. Inc. (NYSE:KKR) Price Target at $130.00

Shares of KKR & Co. Inc. (NYSE:KKRGet Free Report) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $130.00.

Several equities research analysts recently issued reports on KKR shares. Oppenheimer increased their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. TD Cowen lifted their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, Argus raised their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th.

View Our Latest Stock Report on KKR & Co. Inc.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $105.69 on Friday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The firm has a market capitalization of $94.88 billion, a P/E ratio of 33.66, a PEG ratio of 1.01 and a beta of 1.79. 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 company has a 50-day moving average price of $103.33 and a 200-day moving average price of $97.90.

KKR & Co. Inc. (NYSE:KKRGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping 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 the consensus estimate of $2.55 billion. During the same period last year, the firm earned $1.18 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 5.66 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were paid a $0.195 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Insider Activity

In related news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. 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 owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Horizon Bancorp Inc. IN raised its position in shares of KKR & Co. Inc. by 3.8% during the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after buying an additional 95 shares during the last quarter. Western Pacific Wealth Management LP lifted its holdings in shares of KKR & Co. Inc. by 34.8% in the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Wernau Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 1.0% during the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after acquiring an additional 104 shares during the last quarter. Mission Wealth Management LP boosted its position in shares of KKR & Co. Inc. by 0.5% during the fourth quarter. Mission Wealth Management LP now owns 20,567 shares of the asset manager’s stock worth $2,622,000 after acquiring an additional 110 shares during the last quarter. Finally, CYBER HORNET ETFs LLC boosted its position in shares of KKR & Co. Inc. by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,952 shares of the asset manager’s stock worth $249,000 after acquiring an additional 111 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

(Get Free Report)

KKR & Co Inc is a global investment firm that manages alternative investment strategies and provides a range of investment and capital-markets services. The company invests across private equity, credit, infrastructure, real estate, insurance and other asset classes, serving institutional investors, wealth-management clients and other investors.

KKR’s investment activities include acquiring and managing businesses, providing private and public credit, investing in infrastructure and real estate assets, and developing solutions designed to meet the long-term capital needs of companies and investors.

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Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

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