Barclays Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $127.00

KKR & Co. Inc. (NYSE:KKR) had its price target trimmed by Barclays from $136.00 to $127.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

KKR has been the topic of a number of other reports. Wall Street Zen raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Royal Bank Of Canada began coverage on shares of KKR & Co. Inc. in a research note on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price target for the company. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group reduced their target price on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $146.00 to $131.00 in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.80.

KKR & Co. Inc. Stock Up 3.6%

Shares of NYSE:KKR opened at $93.77 on Monday. The firm has a market capitalization of $83.60 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 0.65 and a beta of 2.01. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.09 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $84.52 and a 52-week high of $153.87. The firm has a fifty day moving average of $114.66 and a 200 day moving average of $124.34.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 5th. The asset manager reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). KKR & Co. Inc. had a net margin of 11.97% and a return on equity of 5.57%. The business had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The firm’s revenue was up 76.1% on a year-over-year basis. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is 31.62%.

Insider Activity at KKR & Co. Inc.

In other news, Director Matt Cohler bought 43,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average price of $102.90 per share, with a total value of $4,514,428.80. Following the acquisition, the director owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This represents a 2,733.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph Y. Bae acquired 125,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.19 per share, with a total value of $12,773,750.00. Following the purchase, the chief executive officer owned 509,257 shares of the company’s stock, valued at approximately $52,040,972.83. This trade represents a 32.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 343,872 shares of company stock valued at $35,367,179 in the last quarter. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KKR. Southeast Asset Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 0.3% in the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after buying an additional 68 shares during the last quarter. Moors & Cabot Inc. increased its stake in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after acquiring an additional 75 shares during the last quarter. Berbice Capital Management LLC raised its position in KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock valued at $293,000 after purchasing an additional 75 shares during the period. SteelPeak Wealth LLC lifted its stake in shares of KKR & Co. Inc. by 3.2% in the 4th quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after purchasing an additional 80 shares during the last quarter. Finally, Diversified Trust Co. boosted its holdings in shares of KKR & Co. Inc. by 1.5% in the 4th quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock worth $709,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.