KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $117.00 at Piper Sandler

KKR & Co. Inc. (NYSE:KKR) had its price target decreased by Piper Sandler from $135.00 to $117.00 in a report released on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the asset manager’s stock.

Other research analysts have also recently issued research reports about the company. Oppenheimer reduced their target price on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. BMO Capital Markets dropped their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Royal Bank Of Canada began coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price target for the company. TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.20.

KKR & Co. Inc. Stock Down 0.5%

KKR opened at $90.62 on Tuesday. The company has a 50 day moving average of $96.06 and a 200 day moving average of $115.65. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.69. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company has a market cap of $80.79 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Director Timothy R. Barakett bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average price of $94.47 per share, for a total transaction of $4,723,500.00. Following the transaction, the director directly owned 285,000 shares in the company, valued at $26,923,950. This trade represents a 21.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the transaction, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. This trade represents a 0.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 393,872 shares of company stock worth $40,090,679 in the last 90 days. 23.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in KKR. SteelPeak Wealth LLC increased its position in shares of KKR & Co. Inc. by 3.2% in the fourth quarter. SteelPeak Wealth LLC now owns 2,549 shares of the asset manager’s stock valued at $325,000 after acquiring an additional 80 shares during the period. Diversified Trust Co. increased its position in shares of KKR & Co. Inc. by 1.5% in the fourth quarter. Diversified Trust Co. now owns 5,562 shares of the asset manager’s stock valued at $709,000 after acquiring an additional 82 shares during the period. Modera Wealth Management LLC increased its position in shares of KKR & Co. Inc. by 4.9% in the fourth quarter. Modera Wealth Management LLC now owns 1,789 shares of the asset manager’s stock valued at $228,000 after acquiring an additional 84 shares during the period. Sound Income Strategies LLC increased its position in shares of KKR & Co. Inc. by 9.1% in the fourth quarter. Sound Income Strategies LLC now owns 1,084 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 90 shares during the period. Finally, Cornerstone Advisory LLC increased its position in shares of KKR & Co. Inc. by 3.0% in the third quarter. Cornerstone Advisory LLC now owns 3,189 shares of the asset manager’s stock valued at $414,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.