Barclays Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $122.00

KKR & Co. Inc. (NYSE:KKR) had its price target trimmed by Barclays from $127.00 to $122.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Other equities analysts have also issued reports about the company. Morgan Stanley decreased their price objective on KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c-)” rating on shares of KKR & Co. Inc. in a report on Monday. TD Cowen lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and cut their price target for the company from $146.00 to $131.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target for the company. Finally, Piper Sandler lowered their price objective on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.67.

KKR & Co. Inc. Trading Up 2.1%

KKR opened at $102.48 on Wednesday. The firm has a 50 day simple moving average of $94.49 and a 200 day simple moving average of $111.73. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87. The company has a market cap of $91.36 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. KKR & Co. Inc. had a return on equity of 5.50% and a net margin of 13.94%.The firm had revenue of $5.74 billion for the quarter. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 5.39 earnings per share for the current year.

KKR & Co. Inc. declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.195 per share. The ex-dividend date is Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is presently 25.17%.

Insiders Place Their Bets

In related news, Director Matt Cohler purchased 43,872 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the purchase, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy R. Barakett bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was purchased at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares of the company’s stock, valued at $26,923,950. The trade was a 21.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 393,872 shares of company stock worth $40,090,679 in the last three months. 23.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in KKR. Brighton Jones LLC increased its stake in KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the period. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $218,000. Sivia Capital Partners LLC grew its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after purchasing an additional 237 shares in the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. in the second quarter worth $769,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of KKR & Co. Inc. in the second quarter worth $4,826,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. News Roundup

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: UBS said KKR could see strong upside, and TD Cowen lifted its price target to $106, reinforcing a constructive analyst view on the stock. UBS Group Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock
• Positive Sentiment: KKR closed its Arctos acquisition, expanding into sports franchise investing and GP solutions, which broadens its private-markets platform and could support longer-term growth. KKR Adds Sports Franchise Exposure Through Arctos Buyout
• Positive Sentiment: KKR-backed InCred filed IPO papers in India targeting a large valuation, which may highlight value creation within KKR’s portfolio. KKR-Backed InCred Files ?3,000 Crore IPO Papers, Targets ?15,000 Crore Valuation
• Positive Sentiment: KKR portfolio company CoolIT was sold for $4.75 billion, and employee payouts are reportedly substantial, another sign that KKR can monetize investments well. This KKR Portfolio Company Just Sold for $4.75 Billion—and Its Employees Are Getting an 8x Salary Bonus
• Neutral Sentiment: Unusual options activity showed elevated put buying, suggesting some traders are hedging or betting on near-term downside, but it does not confirm a fundamental change. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Neutral Sentiment: RBC turned more cautious on KKR’s stock price, adding to the mixed analyst backdrop, though it is offset by the bullish views elsewhere. Royal Bank Of Canada Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price
• Negative Sentiment: KKR and Instructure were sued over a data breach tied to the Canvas edtech tool, creating potential legal and reputational risk for KKR. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Negative Sentiment: KKR’s Q1 results beat estimates, but shares fell after management reduced visibility on reaching $7 per share in annualized net income, which spooked investors about near-term earnings momentum. KKR Shares Slip as Weak ANI Outlook Overshadows Q1 Earnings Beat

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.