KKR & Co. Inc. (NYSE:KKR) Given New $110.00 Price Target at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by The Goldman Sachs Group from $145.00 to $110.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the asset manager’s stock.

Other research analysts have also issued research reports about the company. Oppenheimer decreased their price objective on KKR & Co. Inc. from $190.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Barclays decreased their price objective on KKR & Co. Inc. from $136.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Royal Bank Of Canada started coverage on KKR & Co. Inc. in a report on Tuesday, February 24th. They issued an “outperform” rating and a $137.00 price objective on the stock. UBS Group decreased their price objective on KKR & Co. Inc. from $168.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average target price of $141.20.

KKR & Co. Inc. Trading Down 0.5%

Shares of NYSE:KKR opened at $90.62 on Tuesday. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $153.87. The firm has a market capitalization of $80.79 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.93. 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’s 50 day moving average price is $96.06 and its 200-day moving average price is $115.65.

KKR & Co. Inc. Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Scott C. Nuttall purchased 125,000 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $102.66 per share, for a total transaction of $12,832,500.00. Following the acquisition, the chief executive officer directly owned 15,503,748 shares in the company, valued at approximately $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matt Cohler purchased 43,872 shares of KKR & Co. Inc. stock in a transaction dated 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 acquisition, the director owned 45,477 shares in the company, valued at approximately $4,679,583.30. This trade represents a 2,733.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ESL Trust Services LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $26,000. Asset Dedication LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $26,000. GGM Financials LLC purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $27,000. Washington Trust Advisors Inc. purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. Finally, Elyxium Wealth LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth $27,000. 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.