KKR & Co. Inc. (NYSE:KKR) Given New $153.00 Price Target at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by Morgan Stanley from $177.00 to $153.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Several other equities analysts have also recently weighed in on the stock. TD Cowen cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $146.00 to $131.00 in a research note on Wednesday, January 14th. Piper Sandler decreased their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Zacks Research cut shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. UBS Group decreased their target price on shares of KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada started coverage on shares of KKR & Co. Inc. in a research note on Tuesday, February 24th. They set an “outperform” rating and a $137.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $104.56 on Tuesday. The firm’s 50 day moving average price is $94.25 and its 200-day moving average price is $113.18. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $153.87. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $93.22 billion, a PE ratio of 44.68, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.185 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 31.62%.

Insider Activity

In other news, Director Matt Cohler bought 43,872 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $102.90 per share, for a total transaction of $4,514,428.80. Following the purchase, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett acquired 50,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $94.47 per share, with a total value of $4,723,500.00. Following the completion of the acquisition, the director owned 285,000 shares in the company, valued at approximately $26,923,950. This represents a 21.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 393,872 shares of company stock worth $40,090,679 in the last quarter. 23.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors have recently added to or reduced their stakes in KKR. ESL Trust Services LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. Asset Dedication LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $26,000. GGM Financials LLC purchased a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $27,000. Washington Trust Advisors Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.