Barclays Issues Positive Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR - Free Report) had its target price boosted by Barclays from $141.00 to $155.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the asset manager's stock.

A number of other research firms also recently issued reports on KKR. TD Cowen dropped their target price on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday. JMP Securities reduced their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, Piper Sandler started coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $155.20.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $1.92 during trading hours on Thursday, hitting $141.13. The company's stock had a trading volume of 3,204,355 shares, compared to its average volume of 4,235,723. The business's 50-day moving average is $125.07 and its two-hundred day moving average is $128.68. The company has a market capitalization of $125.70 billion, a PE ratio of 59.55, a PEG ratio of 1.55 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The company's quarterly revenue was down 67.8% compared to the same quarter last year. As a group, research analysts anticipate 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 was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is a boost from KKR & Co. Inc.'s previous dividend of $0.17. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 31.22%.

Insider Transactions at KKR & Co. Inc.

In other news, Chairman Henry R. Kravis sold 1,150,469 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the transaction, the chairman directly owned 73,006,022 shares in the company, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Scully bought 13,250 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director directly owned 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last three months. Insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Large investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC boosted its position in shares of KKR & Co. Inc. by 13.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager's stock worth $78,000 after purchasing an additional 72 shares in the last quarter. PFG Advisors raised its holdings in KKR & Co. Inc. by 4.5% in the 1st quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock worth $239,000 after acquiring an additional 90 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in KKR & Co. Inc. by 0.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,239 shares of the asset manager's stock valued at $1,628,000 after buying an additional 90 shares during the last quarter. First Bank & Trust raised its stake in KKR & Co. Inc. by 1.3% during the 1st quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after buying an additional 98 shares during the last quarter. Finally, LRI Investments LLC raised its stake in KKR & Co. Inc. by 9.9% during the 4th quarter. LRI Investments LLC now owns 1,110 shares of the asset manager's stock valued at $164,000 after buying an additional 100 shares during the last quarter. Institutional investors own 76.26% of the company's stock.

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.