KKR & Co. Inc. (NYSE:KKR) Given New $145.00 Price Target at Evercore ISI

KKR & Co. Inc. (NYSE:KKR) had its price objective upped by Evercore ISI from $135.00 to $145.00 in a research note released on Monday, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

Other analysts have also issued research reports about the company. Hsbc Global Res upgraded KKR & Co. Inc. to a strong-buy rating in a research note on Wednesday, September 18th. Oppenheimer raised their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, August 1st. HSBC started coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a buy rating and a $148.00 price objective on the stock. Morgan Stanley raised their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an equal weight rating in a research report on Thursday, October 10th. Finally, Citigroup raised their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a buy rating in a report on Friday, August 2nd. 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. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $143.00.

KKR & Co. Inc. Stock Up 0.7 %

NYSE KKR opened at $136.58 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market capitalization of $121.20 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $137.11. The stock has a 50 day moving average price of $124.08 and a 200-day moving average price of $111.71.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same period last year, the company earned $0.58 earnings per share. As a group, equities analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’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 value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total value of $48,155,039.40. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently made changes to their positions in KKR. American Trust purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $210,000. Centaurus Financial Inc. acquired a new position in KKR & Co. Inc. during the fourth quarter worth $119,000. EP Wealth Advisors LLC boosted its stake in KKR & Co. Inc. by 36.8% during the fourth quarter. EP Wealth Advisors LLC now owns 5,622 shares of the asset manager’s stock worth $466,000 after buying an additional 1,512 shares during the last quarter. SageView Advisory Group LLC acquired a new position in KKR & Co. Inc. during the fourth quarter worth $357,000. Finally, Vanguard Group Inc. lifted its stake in shares of KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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.