KKR & Co. Inc. (NYSE:KKR) Given New $125.00 Price Target at Piper Sandler

KKR & Co. Inc. (NYSE:KKR) had its price objective raised by Piper Sandler from $121.00 to $125.00 in a research note published on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the asset manager’s stock.

A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. BMO Capital Markets decreased their target price on KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Argus increased their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. BNP Paribas Exane dropped their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Finally, Bank of America cut their price target on KKR & Co. Inc. from $147.00 to $143.00 in a report on Tuesday, August 4th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $123.32.

KKR & Co. Inc. Price Performance

KKR stock opened at $100.02 on Wednesday. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The company’s fifty day moving average price is $95.49 and its 200-day moving average price is $97.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $89.23 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 0.77 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 EPS for the quarter, topping the consensus estimate of $1.58 by $0.20. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $2.66 billion. KKR & Co. Inc. had a net margin of 16.38% and a return on equity of 6.33%. During the same quarter in the previous year, the company earned $1.41 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. KKR & Co. Inc.’s dividend payout ratio is 22.74%.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Silvant Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $34,000. Compass Financial Management LLC lifted its stake in shares of KKR & Co. Inc. by 133.9% during the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after acquiring an additional 233 shares during the last quarter. Joseph Group Capital Management lifted its stake in shares of KKR & Co. Inc. by 29.4% during the 3rd quarter. Joseph Group Capital Management now owns 471 shares of the asset manager’s stock worth $43,000 after acquiring an additional 107 shares during the last quarter. Silver Grove Financial Group Inc. boosted its holdings in KKR & Co. Inc. by 34.3% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 466 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 119 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in KKR & Co. Inc. during the 1st quarter valued at $46,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. News Roundup

Here’s some of the latest news about KKR:

• Positive Sentiment: Analysts raised price targets. Piper Sandler lifted its target to $125 and kept an Overweight rating; Morgan Stanley also raised its target, to $140, and maintained Overweight. These moves signal confidence in KKR’s outlook. Piper Sandler ratings Morgan Stanley ratings
• Positive Sentiment: Quarterly results beat expectations. KKR exceeded consensus estimates for earnings and revenue. A report noted revenue was nevertheless down notably year over year, tempering the otherwise positive read-through. Earnings analysis
• Positive Sentiment: KKR and RWE plan a major U.K. offshore-wind buildout. The partners will develop projects totaling about 2.8 gigawatts, with an estimated £12 billion investment. The agreement expands KKR’s exposure to large-scale energy infrastructure, though returns will depend on execution and project economics. Reuters report

KKR & Co. Inc. Company Profile

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.