KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Trim from Piper Sandler

KKR & Co. Inc. (NYSE:KKR) had its target price trimmed by Piper Sandler from $128.00 to $121.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the asset manager’s stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company initiated coverage on KKR & Co. Inc. in a report on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price target for the company. HSBC lowered their price objective on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Barclays dropped their price objective on shares of KKR & Co. Inc. from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Finally, The Goldman Sachs Group cut their price objective on shares of KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Seventeen investment 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 $124.21.

KKR & Co. Inc. Stock Up 0.7%

KKR & Co. Inc. stock opened at $89.85 on Monday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The stock has a 50 day moving average of $99.43 and a two-hundred day moving average of $98.43. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $80.65 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.71 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The company had revenue of $5.73 billion for 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 period last year, the business posted $1.18 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 7.04 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

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

Insider Activity

In other news, insider Dane Holmes sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.20% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of KKR. Horizon Bancorp Inc. IN raised its position in KKR & Co. Inc. by 3.8% in the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock worth $243,000 after acquiring an additional 95 shares in the last quarter. Western Pacific Wealth Management LP boosted 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 worth $36,000 after purchasing an additional 100 shares in the last quarter. Wernau Asset Management Inc. boosted its position in shares of KKR & Co. Inc. by 1.0% during the 1st quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after purchasing an additional 104 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of KKR & Co. Inc. by 4.4% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager’s stock worth $243,000 after purchasing an additional 112 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. by 4.0% during the 1st quarter. Mayflower Financial Advisors LLC now owns 2,907 shares of the asset manager’s stock worth $269,000 after purchasing an additional 113 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.