KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $121.00 at HSBC

KKR & Co. Inc. (NYSE:KKR) had its price objective boosted by HSBC from $118.00 to $121.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

A number of other equities analysts have also issued reports on the stock. UBS Group boosted their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Barclays increased their price target on shares of KKR & Co. Inc. from $122.00 to $124.00 and gave the company an “overweight” rating in a report on Friday, July 10th. TD Cowen decreased their price target on shares of KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Finally, Piper Sandler cut their price objective on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.58.

KKR & Co. Inc. Stock Performance

KKR opened at $96.87 on Monday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $95.42 and its two-hundred day moving average price is $101.12. The firm has a market capitalization of $86.98 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.The company had revenue of $5.74 billion during the quarter. On average, equities analysts forecast that KKR & Co. Inc. will post 5.58 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.195 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio is currently 26.53%.

KKR & Co. Inc. declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other KKR & Co. Inc. news, EVP Yael Cosset sold 30,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $58.80, for a total transaction of $1,764,000.00. Following the sale, the executive vice president owned 127,868 shares in the company, valued at $7,518,638.40. The trade was a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Washington Trust Advisors Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter worth about $27,000. Elyxium Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. SouthState Bank Corp grew its stake in shares of KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $29,000. Finally, MV Capital Management Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $31,000. 76.26% of the stock is owned by 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.