KKR & Co. Inc. (NYSE:KKR) Stock Price Target Lowered at Jefferies Financial Group

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

KKR has been the topic of several other reports. Morgan Stanley reduced their price objective on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Wells Fargo & Company began 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 target on shares of KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday. BMO Capital Markets boosted their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Finally, HSBC increased their price objective on shares of 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

KKR & Co. Inc. Trading Up 1.5%

Shares of NYSE KKR traded up $1.39 during trading on Tuesday, hitting $90.95. 4,347,022 shares of the company traded hands, compared to its average volume of 4,309,846. The firm has a market capitalization of $81.64 billion, a P/E ratio of 28.96, a P/E/G ratio of 0.78 and a beta of 1.83. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $102.40 and a 200-day moving average price of $98.52. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 6.22 EPS for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of KKR & Co. Inc. by 6.9% in the first quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock valued at $1,804,470,000 after purchasing an additional 1,261,314 shares during the period. First Manhattan CO. LLC. increased its stake in KKR & Co. Inc. by 0.8% during the 4th quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock worth $1,095,951,000 after buying an additional 67,441 shares during the period. Legal & General Group Plc acquired a new position in KKR & Co. Inc. in the 2nd quarter worth $470,778,000. Van Lanschot Kempen Investment Management N.V. lifted its holdings in KKR & Co. Inc. by 2.1% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,877,794 shares of the asset manager’s stock worth $494,341,000 after buying an additional 79,449 shares in the last quarter. Finally, Amundi lifted its holdings in KKR & Co. Inc. by 65.3% in the 1st quarter. Amundi now owns 3,726,040 shares of the asset manager’s stock worth $344,659,000 after buying an additional 1,472,265 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.