KKR & Co. Inc. (NYSE:KKR) Given New $185.00 Price Target at Barclays

KKR & Co. Inc. (NYSE:KKR) had its target price boosted by Barclays from $166.00 to $185.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the asset manager’s stock.

Several other research firms have also commented on KKR. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.50.

KKR & Co. Inc. Stock Down 3.6 %

Shares of NYSE KKR opened at $152.37 on Monday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $145.78 and its two-hundred day moving average is $125.75. KKR & Co. Inc. has a 52-week low of $76.60 and a 52-week high of $163.68. The firm has a market cap of $135.34 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction 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 approximately $650,470,003.25. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in KKR. ORG Wealth Partners LLC acquired a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth $31,000. Raleigh Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at about $34,000. American National Bank increased its holdings 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 valued at $37,000 after purchasing an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in KKR & Co. Inc. during the 2nd quarter valued at about $38,000. 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.