Barclays Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $117.00

KKR & Co. Inc. (NYSE:KKR) had its target price lifted by Barclays from $114.00 to $117.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Several other equities analysts have also weighed in on KKR. Jefferies Financial Group reduced their price objective on shares of KKR & Co. Inc. from $115.00 to $113.00 and set a buy rating for the company in a research report on Thursday, May 9th. JMP Securities raised their price objective 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. TD Cowen reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $145.00 and set a buy rating for the company in a research report on Monday, July 8th. StockNews.com lowered 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 raised their price objective on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the company a buy rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $100.07.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $110.74 on Wednesday. The firm has a 50-day moving average price of $105.52 and a 200 day moving average price of $97.24. The firm has a market capitalization of $98.27 billion, a PE ratio of 24.83, a P/E/G ratio of 0.94 and a beta of 1.62. 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 52-week low of $53.72 and a 52-week high of $113.91.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $989.14 million. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.1 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. KKR & Co. Inc.’s dividend payout ratio is 15.70%.

Insider Transactions at KKR & Co. Inc.

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

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors increased its holdings in KKR & Co. Inc. by 1.9% in the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock valued at $3,546,708,000 after buying an additional 805,122 shares during the period. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after buying an additional 1,728,782 shares in the last quarter. Capital World Investors raised its holdings in KKR & Co. Inc. by 7.4% during the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares during the last quarter. Wellington Management Group LLP raised its holdings in KKR & Co. Inc. by 219.5% during the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after purchasing an additional 11,134,363 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in KKR & Co. Inc. by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock worth $845,324,000 after purchasing an additional 365,449 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.