KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $120.00 at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR) had its price target hoisted by Morgan Stanley from $114.00 to $120.00 in a research report released on Monday,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

Several other equities analysts also recently weighed in on the stock. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America decreased their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Keefe, Bruyette & Woods upped their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup reduced their price objective on KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and dropped their target price for the company from $170.00 to $119.00 in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $144.73.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $114.70 on Monday. The stock has a market capitalization of $101.88 billion, a P/E ratio of 34.44, a PEG ratio of 1.00 and a beta of 1.91. The business has a 50 day simple moving average of $112.12 and a two-hundred day simple moving average of $136.76. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was down 67.8% on a year-over-year basis. As a group, analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.185 dividend. This represents a dividend yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. The ex-dividend date of this dividend is Monday, May 12th. KKR & Co. Inc.’s payout ratio is 31.22%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC boosted its stake in shares of KKR & Co. Inc. by 9.7% in the first quarter. HighPoint Advisor Group LLC now owns 7,970 shares of the asset manager’s stock valued at $911,000 after purchasing an additional 704 shares during the period. GW&K Investment Management LLC lifted its holdings in KKR & Co. Inc. by 44.6% during the 1st quarter. GW&K Investment Management LLC now owns 360 shares of the asset manager’s stock worth $42,000 after buying an additional 111 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in KKR & Co. Inc. by 16.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 110,361 shares of the asset manager’s stock valued at $12,758,000 after buying an additional 15,718 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of KKR & Co. Inc. by 38.8% in the first quarter. J.W. Cole Advisors Inc. now owns 24,167 shares of the asset manager’s stock worth $2,794,000 after acquiring an additional 6,760 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of KKR & Co. Inc. by 3.1% in the first quarter. IFP Advisors Inc now owns 41,301 shares of the asset manager’s stock worth $4,775,000 after acquiring an additional 1,227 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 operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.