TD Cowen Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $148.00

KKR & Co. Inc. (NYSE:KKR) had its price target trimmed by TD Cowen from $154.00 to $148.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the asset manager’s stock.

KKR has been the subject of a number of other research reports. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an overweight rating in a research note on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. JMP Securities upped their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a market outperform rating in a research report on Tuesday, April 9th. Barclays lifted their price target on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an overweight rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $104.00 price objective on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of Moderate Buy and an average target price of $91.00.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $95.01 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average price is $97.61 and its two-hundred day moving average price is $84.65. The company has a market cap of $84.08 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a return on equity of 4.45% and a net margin of 19.38%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $995.64 million. On average, analysts predict that KKR & Co. Inc. will post 4.15 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.74%. 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. KKR & Co. Inc.’s dividend payout ratio is 14.80%.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now directly owns 429,259 shares of the company’s stock, valued at $10,705,719.46. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc bought 286,402 shares of the stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the completion of the purchase, the insider now owns 429,259 shares in the company, valued at $10,705,719.46. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of KKR. Blue Trust Inc. boosted its holdings in shares of KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares in the last quarter. Riverview Trust Co bought a new position in KKR & Co. Inc. in the first quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in KKR & Co. Inc. in the fourth quarter valued at about $30,000. Missouri Trust & Investment Co boosted its stake in shares of KKR & Co. Inc. by 408.9% during the fourth quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares in the last quarter. Finally, First United Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $41,000. Institutional investors own 76.26% of the company’s stock.

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.