Analysts Set KKR & Co. Inc. (NYSE:KKR) Target Price at $90.64

Shares of KKR & Co. Inc. (NYSE:KKR) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $90.64.

KKR has been the subject of several research analyst reports. TD Cowen lifted their target price on shares of KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Wells Fargo & Company boosted their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of KKR. Blue Trust Inc. boosted its holdings in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after buying an additional 211 shares in the last quarter. Quarry LP boosted its holdings in shares of KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager’s stock valued at $26,000 after buying an additional 224 shares in the last quarter. Riverview Trust Co bought a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Finally, Missouri Trust & Investment Co boosted its holdings in shares of KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after buying an additional 368 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 1.3 %

Shares of KKR & Co. Inc. stock opened at $93.41 on Friday. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The firm has a market cap of $82.67 billion, a PE ratio of 22.89, a PEG ratio of 0.88 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50 day simple moving average of $97.70 and a two-hundred day simple moving average of $81.68.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. Analysts expect that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Thursday, February 15th. KKR & Co. Inc.’s payout ratio is 16.18%.

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.