KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Trim from Jefferies Financial Group

KKR & Co. Inc. (NYSE:KKR) had its price target cut by Jefferies Financial Group from $129.00 to $112.00 in a research report report published on Tuesday. They currently have a buy rating on the asset manager’s stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 2nd. They set an “equal weight” rating and a $97.00 target price for the company. Barclays cut their price objective on KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank Of Canada increased their target price on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Finally, HSBC raised their price target on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $127.62.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $1.39 during mid-day trading on Tuesday, reaching $90.95. The stock had a trading volume of 4,347,022 shares, compared to its average volume of 4,309,846. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84. The company has a market cap of $81.64 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 0.78 and a beta of 1.83. The business has a 50-day simple moving average of $102.40 and a 200 day simple moving average of $98.52. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter in the previous year, the company posted $1.18 EPS. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 6.22 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a $0.1950 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s payout ratio is 24.84%.

Insider Transactions at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was 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 directly owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Balefire LLC boosted its holdings in KKR & Co. Inc. by 9.6% during the 3rd quarter. Balefire LLC now owns 11,325 shares of the asset manager’s stock valued at $1,034,000 after acquiring an additional 991 shares during the period. Riversedge Advisors LLC purchased a new stake in KKR & Co. Inc. in the third quarter worth $260,000. Wedmont Private Capital increased its stake in KKR & Co. Inc. by 146.6% in the third quarter. Wedmont Private Capital now owns 14,590 shares of the asset manager’s stock worth $1,307,000 after purchasing an additional 8,673 shares during the period. GAMMA Investing LLC increased its stake in KKR & Co. Inc. by 22.1% in the third quarter. GAMMA Investing LLC now owns 16,816 shares of the asset manager’s stock worth $1,535,000 after purchasing an additional 3,044 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of KKR & Co. Inc. by 9.3% during the third quarter. Farther Finance Advisors LLC now owns 36,872 shares of the asset manager’s stock worth $3,366,000 after purchasing an additional 3,139 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.