KKR & Co. Inc. (NYSE:KKR) Sets New 12-Month High After Analyst Upgrade

KKR & Co. Inc. (NYSE:KKR)’s stock price hit a new 52-week high during trading on Wednesday after Wells Fargo & Company raised their price target on the stock from $130.00 to $139.00. Wells Fargo & Company currently has an equal weight rating on the stock. KKR & Co. Inc. traded as high as $135.03 and last traded at $134.99, with a volume of 2271213 shares trading hands. The stock had previously closed at $131.35.

Other equities analysts have also recently issued research reports about the company. HSBC initiated coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Citigroup boosted their price target on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer boosted their target price on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $136.64.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the acquisition, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 39.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quotient Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the 3rd quarter valued at about $276,000. UMB Bank n.a. boosted its position in KKR & Co. Inc. by 2,082.8% in the 3rd quarter. UMB Bank n.a. now owns 53,194 shares of the asset manager’s stock valued at $6,946,000 after buying an additional 50,757 shares during the last quarter. USA Financial Formulas bought a new position in shares of KKR & Co. Inc. during the third quarter worth about $889,000. Wedmont Private Capital lifted its position in shares of KKR & Co. Inc. by 264.1% during the third quarter. Wedmont Private Capital now owns 10,909 shares of the asset manager’s stock worth $1,433,000 after purchasing an additional 7,913 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in shares of KKR & Co. Inc. by 58.1% during the third quarter. Daymark Wealth Partners LLC now owns 12,326 shares of the asset manager’s stock worth $1,610,000 after purchasing an additional 4,529 shares during the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The firm’s 50-day moving average price is $122.44 and its 200 day moving average price is $110.74. The firm has a market cap of $119.75 billion, a P/E ratio of 30.08, a PEG ratio of 1.11 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.58 earnings per share. On average, equities research analysts expect that KKR & Co. Inc. will post 3.99 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.