KKR & Co. Inc. (NYSE:KKR) PT Lowered to $113.00 at Jefferies Financial Group

KKR & Co. Inc. (NYSE:KKR - Free Report) had its price target lowered by Jefferies Financial Group from $115.00 to $113.00 in a report issued on Thursday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the asset manager's stock.

A number of other analysts have also weighed in on KKR. Barclays raised their price objective on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company 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 on the stock in a report on Thursday, May 2nd. Finally, StockNews.com raised shares of KKR & Co. Inc. from a sell rating to a hold rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $92.47.

KKR & Co. Inc. Stock Up 2.5 %

NYSE:KKR traded up $2.53 on Thursday, reaching $102.20. 4,506,861 shares of the stock traded hands, compared to its average volume of 3,545,929. The company has a market capitalization of $90.45 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 0.81 and a beta of 1.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company's fifty day simple moving average is $97.89 and its 200 day simple moving average is $85.49.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Equities analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.175 dividend. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date is Friday, May 10th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 15.70%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Leo Wealth LLC boosted its stake in KKR & Co. Inc. by 15.9% during the first quarter. Leo Wealth LLC now owns 3,571 shares of the asset manager's stock worth $359,000 after buying an additional 490 shares during the period. D Orazio & Associates Inc. purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at $240,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of KKR & Co. Inc. by 15.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,424 shares of the asset manager's stock valued at $31,222,000 after purchasing an additional 42,383 shares during the period. Entropy Technologies LP purchased a new stake in shares of KKR & Co. Inc. during the first quarter valued at $2,114,000. Finally, US Bancorp DE boosted its stake in shares of KKR & Co. Inc. by 12.3% during the first quarter. US Bancorp DE now owns 38,435 shares of the asset manager's stock valued at $3,866,000 after purchasing an additional 4,204 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 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.