KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $106.00 by Analysts at BMO Capital Markets

KKR & Co. Inc. (NYSE:KKR) had its price objective reduced by BMO Capital Markets from $125.00 to $106.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other equities research analysts have also recently issued reports on the company. 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 research note on Friday, February 20th. Royal Bank Of Canada initiated coverage on KKR & Co. Inc. in a research note on Tuesday, February 24th. They set an “outperform” rating and a $137.00 price objective on the stock. Barclays dropped their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Wall Street Zen upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, TD Cowen lowered KKR & Co. Inc. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $146.00 to $131.00 in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $149.00.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $90.93 on Tuesday. The firm has a 50-day moving average price of $103.00 and a two-hundred day moving average price of $119.38. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $153.87. The company has a market capitalization of $81.07 billion, a P/E ratio of 38.86, a P/E/G ratio of 0.67 and a beta of 2.01. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.69.

KKR & Co. Inc. Announces Dividend

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

Insider Activity

In other KKR & Co. Inc. news, Director Matt Cohler bought 43,872 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the purchase, the director directly owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott C. Nuttall bought 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. This represents a 0.81% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 393,872 shares of company stock valued at $40,090,679 in the last three months. Company insiders own 23.20% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. Sivia Capital Partners LLC grew its holdings in shares of KKR & Co. Inc. by 13.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 237 shares during the last quarter. United Bank acquired a new position in KKR & Co. Inc. during the 2nd quarter worth approximately $769,000. Finally, Coldstream Capital Management Inc. increased its position in KKR & Co. Inc. by 19.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 7,282 shares of the asset manager’s stock worth $969,000 after purchasing an additional 1,162 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.