Brokerages Set KKR & Co. Inc. (NYSE:KKR) PT at $149.14

KKR & Co. Inc. (NYSE:KKR - Get Free Report) has received an average rating of "Buy" from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $149.14.

Several brokerages recently commented on KKR. Hsbc Global Res upgraded KKR & Co. Inc. from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. HSBC upgraded shares of KKR & Co. Inc. from a "hold" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $119.00 in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Barclays boosted their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Citigroup decreased their price target on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th.

Insider Buying and Selling

In related news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the acquisition, the director now owns 13,250 shares of the company's stock, valued at $1,503,742.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now directly owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. The trade was a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $335,000. Tallon Kerry Patrick bought a new position in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $207,000. Ritholtz Wealth Management grew its holdings in shares of KKR & Co. Inc. by 28.1% in the fourth quarter. Ritholtz Wealth Management now owns 2,878 shares of the asset manager's stock valued at $426,000 after acquiring an additional 631 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock valued at $1,623,000 after acquiring an additional 73 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in KKR & Co. Inc. by 358.4% during the fourth quarter. Merit Financial Group LLC now owns 26,713 shares of the asset manager's stock worth $3,951,000 after acquiring an additional 20,885 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Down 5.1%

Shares of KKR & Co. Inc. stock traded down $6.38 during trading on Monday, hitting $117.77. The company's stock had a trading volume of 4,093,538 shares, compared to its average volume of 5,011,813. The stock has a market cap of $104.89 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a 50-day moving average price of $112.75 and a two-hundred day moving average price of $135.46. 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 - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The business's revenue was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Equities research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.185 per share. This represents a dividend yield of 0.64%. This is a positive change from KKR & Co. Inc.'s previous dividend of $0.17. The ex-dividend date is Monday, May 12th. KKR & Co. Inc.'s dividend payout ratio is presently 31.22%.

KKR & Co. Inc. Company Profile

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.