KKR & Co. Inc. (NYSE:KKR) Receives $160.79 Consensus Target Price from Analysts

KKR & Co. Inc. (NYSE:KKR) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $160.79.

KKR has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. HSBC downgraded KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the company from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th.

KKR & Co. Inc. Trading Up 1.9 %

Shares of KKR & Co. Inc. stock opened at $117.82 on Friday. KKR & Co. Inc. has a twelve month low of $91.92 and a twelve month high of $170.40. 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 has a 50-day moving average price of $134.37 and a 200-day moving average price of $141.62. The firm has a market cap of $104.65 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.59%. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Insider Buying and Selling

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 39.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth about $255,000. Townsquare Capital LLC grew its position in KKR & Co. Inc. by 36.1% during the 3rd quarter. Townsquare Capital LLC now owns 13,913 shares of the asset manager’s stock worth $1,817,000 after purchasing an additional 3,693 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of KKR & Co. Inc. by 80.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 3,880 shares of the asset manager’s stock worth $507,000 after buying an additional 1,731 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 32.8% during the third quarter. Icon Wealth Advisors LLC now owns 1,240 shares of the asset manager’s stock valued at $162,000 after buying an additional 306 shares during the last quarter. Finally, Point72 Europe London LLP grew its holdings in shares of KKR & Co. Inc. by 77.8% during the third quarter. Point72 Europe London LLP now owns 199,449 shares of the asset manager’s stock valued at $26,044,000 after buying an additional 87,300 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.