KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $160.00 at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR) had its price objective boosted by The Goldman Sachs Group from $145.00 to $160.00 in a research report released on Friday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the asset manager’s stock.

KKR has been the subject of a number of other research reports. Redburn Atlantic started coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. Oppenheimer raised their target price on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

KKR & Co. Inc. Trading Down 2.4 %

Shares of NYSE KKR traded down $3.40 during trading hours on Friday, hitting $139.88. 2,866,224 shares of the company traded hands, compared to its average volume of 2,444,026. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $147.15. The stock has a market capitalization of $124.14 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62. The company’s 50 day moving average price is $128.49 and its 200 day moving average price is $114.00.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. During the same quarter last year, the firm posted $0.73 earnings per share. On average, equities research analysts anticipate that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 16.51%.

Insider Activity

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Capital World Investors grew its stake in shares of KKR & Co. Inc. by 7.4% in the 1st quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after buying an additional 1,139,784 shares during the period. Legal & General Group Plc increased its holdings in shares of KKR & Co. Inc. by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 5,968,684 shares of the asset manager’s stock worth $628,147,000 after buying an additional 323,189 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of KKR & Co. Inc. by 64.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after buying an additional 1,585,447 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in KKR & Co. Inc. by 3.7% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,614,991 shares of the asset manager’s stock valued at $380,442,000 after acquiring an additional 127,726 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.