KKR & Co. Inc. (NYSE:KKR) Sets New 12-Month High at $103.50

KKR & Co. Inc. (NYSE:KKR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $103.50 and last traded at $103.50, with a volume of 323 shares trading hands. The stock had previously closed at $103.13.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KKR shares. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. TD Cowen dropped their price target on shares of KKR & Co. Inc. from $154.00 to $148.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. StockNews.com upgraded shares of KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Finally, JMP Securities boosted their price objective on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus target price of $94.50.

KKR & Co. Inc. Stock Performance

The company's 50 day simple moving average is $97.97 and its 200 day simple moving average is $86.03. The stock has a market cap of $88.94 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.90 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.08 and a current ratio of 0.08.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 0.70%. KKR & Co. Inc.'s dividend payout ratio is 15.70%.

Insider Transactions at KKR & Co. Inc.

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the completion of the transaction, the insider now directly owns 1,000,687 shares in the company, valued at approximately $25,017,175. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of KKR & Co. Inc. stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company's stock, valued at $25,017,175. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Large investors have recently made changes to their positions in the business. NBC Securities Inc. purchased a new stake in KKR & Co. Inc. in the third quarter worth about $43,000. Ramirez Asset Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter worth $62,000. Vanguard Group Inc. boosted its position in shares of KKR & Co. Inc. by 1.2% during the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after buying an additional 475,118 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in KKR & Co. Inc. in the 3rd quarter worth about $58,000. Finally, Wellington Management Group LLP raised its position in KKR & Co. Inc. by 297.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager's stock worth $312,469,000 after buying an additional 3,794,837 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

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.