KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Cut from UBS Group

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by UBS Group from $123.00 to $122.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the asset manager’s stock.

A number of other brokerages also recently issued reports on KKR. Barclays lowered their price target on KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. The Goldman Sachs Group reduced their price objective on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Rothschild & Co Redburn boosted their target price on KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Morgan Stanley decreased their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.42.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $87.39 on Tuesday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The firm has a market cap of $78.44 billion, a P/E ratio of 17.61, a PEG ratio of 0.75 and a beta of 1.83. The company has a 50 day moving average of $100.96 and a 200 day moving average of $98.52. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm posted $1.18 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 6.22 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is owned by insiders.

Institutional Trading of KKR & Co. Inc.

Large investors have recently modified their holdings of the company. MV Capital Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $31,000. Hanson & Doremus Investment Management grew its stake in shares of KKR & Co. Inc. by 83.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 150 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $34,000. Western Pacific Wealth Management LP increased its position in shares of KKR & Co. Inc. by 34.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at about $39,000. 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.