KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $120.00 at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR) had its target price increased by Morgan Stanley from $114.00 to $120.00 in a research report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the asset manager’s stock.

A number of other analysts have also recently weighed in on KKR. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $120.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday. Hsbc Global Res raised KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. TD Cowen cut their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. JMP Securities lowered their target price on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.73.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $114.70 on Monday. The company has a market capitalization of $101.88 billion, a PE ratio of 34.44, a P/E/G ratio of 1.00 and a beta of 1.91. The company has a 50-day simple moving average of $112.12 and a two-hundred day simple moving average of $136.76. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.’s revenue was down 67.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. This represents a yield of 0.64%. KKR & Co. Inc.’s payout ratio is presently 31.22%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. 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 transaction, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

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

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.