KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $139.00 by Analysts at Oppenheimer

KKR & Co. Inc. (NYSE:KKR) had its price objective trimmed by Oppenheimer from $143.00 to $139.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the asset manager’s stock.

A number of other equities research analysts also recently weighed in on KKR. TD Cowen lowered their target price on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada cut their price target on KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. UBS Group lifted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Barclays increased their target price on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.50.

KKR & Co. Inc. Stock Down 1.8%

Shares of KKR opened at $100.94 on Friday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $90.63 billion, a PE ratio of 34.33, a PEG ratio of 0.86 and a beta of 1.79. The stock’s 50-day moving average price is $95.46 and its two-hundred day moving average price is $101.54.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The company had revenue of $5.74 billion for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%. On average, analysts anticipate that KKR & Co. Inc. will post 5.58 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio is presently 26.53%.

KKR & Co. Inc. announced that its Board of Directors has approved a share repurchase program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at KKR & Co. Inc.

In other news, EVP Yael Cosset sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $58.80, for a total value of $1,764,000.00. Following the completion of the sale, the executive vice president directly owned 127,868 shares of the company’s stock, valued at $7,518,638.40. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of KKR. Border to Coast Pensions Partnership Ltd grew its holdings in KKR & Co. Inc. by 14.5% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock valued at $40,361,000 after buying an additional 55,000 shares in the last quarter. Third View Private Wealth LLC acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $3,126,000. Concurrent Investment Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 125.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock worth $2,515,000 after buying an additional 10,982 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of KKR & Co. Inc. by 152.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after acquiring an additional 105,070 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of KKR & Co. Inc. by 26.6% in the fourth quarter. Brookstone Capital Management now owns 125,779 shares of the asset manager’s stock valued at $16,034,000 after acquiring an additional 26,401 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.