KKR & Co. Inc. (NYSE:KKR) PT Lowered to $148.00 at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by TD Cowen from $154.00 to $148.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the asset manager’s stock.

Several other equities analysts also recently commented on the company. Morgan Stanley increased their price target on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an equal weight rating in a report on Wednesday, January 24th. JMP Securities lifted their target price 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 upped their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an overweight rating in a report on Wednesday, February 7th. StockNews.com raised KKR & Co. Inc. from a sell rating to a hold rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods reissued an outperform rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $91.00.

KKR & Co. Inc. Stock Down 2.2 %

KKR stock opened at $95.01 on Thursday. The firm has a market cap of $84.08 billion, a PE ratio of 21.30, a PEG ratio of 0.88 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The company has a fifty day simple moving average of $97.61 and a 200 day simple moving average of $84.65. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 14.80%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of KKR & Co. Inc. 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. Capital International Investors grew its holdings in shares of KKR & Co. Inc. by 1.9% in the 4th quarter. Capital International Investors now owns 42,808,786 shares of the asset manager’s stock worth $3,546,708,000 after purchasing an additional 805,122 shares during the last quarter. Vanguard Group Inc. grew its stake in KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock worth $3,452,363,000 after buying an additional 1,728,782 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of KKR & Co. Inc. by 219.5% during the fourth quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 3.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,203,062 shares of the asset manager’s stock valued at $845,324,000 after acquiring an additional 365,449 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $649,798,000. 76.26% of the stock is owned by institutional investors.

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.