KKR & Co. Inc. (NYSE:KKR) Price Target Increased to $148.00 by Analysts at Oppenheimer

KKR & Co. Inc. (NYSE:KKR) had its price objective lifted by Oppenheimer from $128.00 to $148.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

A number of other analysts also recently commented on the company. Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Evercore ISI raised their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. Barclays lifted their price objective on KKR & Co. Inc. from $146.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.43.

KKR & Co. Inc. Stock Down 0.1 %

Shares of NYSE:KKR opened at $135.67 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. The firm has a market cap of $120.39 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.14 and a beta of 1.62. The stock’s 50-day moving average price is $125.14 and its two-hundred day moving average price is $112.12. KKR & Co. Inc. has a 12-month low of $53.72 and a 12-month high of $137.88.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, research analysts forecast that KKR & Co. Inc. will post 3.97 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, August 12th. KKR & Co. Inc.’s payout ratio is 15.70%.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc increased its stake in KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares during the last quarter. Mather Group LLC. raised its holdings in shares of KKR & Co. Inc. by 371.4% during the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after purchasing an additional 208 shares during the period. Riverview Trust Co acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth $27,000. Finally, American National Bank lifted its position in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 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 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.