KKR & Co. Inc. (NYSE:KKR) Given New $140.00 Price Target at Oppenheimer

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by Oppenheimer from $187.00 to $140.00 in a research note issued to investors on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the asset manager’s stock.

A number of other equities analysts have also commented on KKR. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Wall Street Zen raised KKR & Co. Inc. from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. UBS Group cut their price target on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating for the company in a report on Friday, February 20th. BMO Capital Markets cut their price target on KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, HSBC raised KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.07.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $98.06 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The business has a fifty day simple moving average of $94.37 and a two-hundred day simple moving average of $114.30. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The company has a market capitalization of $87.42 billion, a P/E ratio of 41.90, a P/E/G ratio of 0.75 and a beta of 1.93.

KKR & Co. Inc. Announces Dividend

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

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average price of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the purchase, the director owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matt Cohler acquired 43,872 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.90 per share, with a total value of $4,514,428.80. Following the purchase, the director directly owned 45,477 shares of the company’s stock, valued at $4,679,583.30. This trade represents a 2,733.46% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 393,872 shares of company stock worth $40,090,679 over the last three months. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Large investors have recently added to or reduced their stakes in the business. ESL Trust Services LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $26,000. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. during the third quarter valued at about $27,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Finally, Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the fourth quarter valued at about $27,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.