JMP Securities Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $150.00

KKR & Co. Inc. (NYSE:KKR) had its price objective trimmed by JMP Securities from $165.00 to $150.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the asset manager’s stock.

KKR has been the subject of several other reports. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Barclays cut their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company raised KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $150.00 to $141.00 in a report on Thursday, March 20th. Finally, Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $154.80.

KKR & Co. Inc. Trading Down 8.0 %

Shares of KKR & Co. Inc. stock opened at $101.62 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a fifty day moving average of $123.18 and a 200 day moving average of $139.72. The company has a market capitalization of $90.26 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.69%. KKR & Co. Inc.’s payout ratio is 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at $634,841,604.16. This represents a 23.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 39.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KKR. McIlrath & Eck LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter worth approximately $31,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in KKR & Co. Inc. during the 4th quarter worth $34,000. 76.26% of the stock is currently owned by institutional investors.

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.