KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $145.00 by Analysts at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price target cut by TD Cowen from $157.00 to $145.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the asset manager’s stock.

A number of other research analysts have also commented on the company. Barclays increased their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $116.00 price objective on shares of KKR & Co. Inc. in a research report on Friday, June 21st. JMP Securities upped their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. StockNews.com cut shares of KKR & Co. Inc. from a hold rating to a sell rating in a research report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a buy rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of Moderate Buy and an average price target of $99.43.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $108.76 on Monday. The stock has a 50-day simple moving average of $104.97 and a 200 day simple moving average of $96.95. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $113.91. The stock has a market capitalization of $96.51 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The company had revenue of $986.51 million during the quarter, compared to analyst estimates of $989.14 million. On average, research analysts anticipate that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were given a $0.175 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s payout ratio is currently 15.70%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the transaction, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of KKR & Co. Inc. stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $25.56 per share, with a total value of $50,000,011.92. Following the completion of the purchase, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 5.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,234 shares of the asset manager’s stock worth $340,000 after purchasing an additional 169 shares during the period. Jamison Private Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $3,641,000. Fortitude Family Office LLC grew its holdings in shares of KKR & Co. Inc. by 2.2% during the 2nd quarter. Fortitude Family Office LLC now owns 25,616 shares of the asset manager’s stock worth $2,696,000 after purchasing an additional 562 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of KKR & Co. Inc. by 9.2% in the second quarter. Valeo Financial Advisors LLC now owns 4,052 shares of the asset manager’s stock worth $426,000 after purchasing an additional 341 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of KKR & Co. Inc. by 0.9% in the second quarter. Gulf International Bank UK Ltd now owns 50,228 shares of the asset manager’s stock worth $5,285,000 after purchasing an additional 467 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.