JMP Securities Boosts KKR & Co. Inc. (NYSE:KKR) Price Target to $135.00

KKR & Co. Inc. (NYSE:KKR) had its price target increased by JMP Securities from $115.00 to $135.00 in a research report report published on Thursday, Benzinga reports. JMP Securities currently has a market outperform rating on the asset manager’s stock.

Several other research firms have also commented on KKR. Barclays raised their price objective on shares of KKR & Co. Inc. from $114.00 to $117.00 and gave the company an overweight rating in a research note on Wednesday, July 10th. The Goldman Sachs Group raised their price objective on shares of KKR & Co. Inc. from $123.00 to $137.00 and gave the company a buy rating in a research note on Thursday. TD Cowen raised their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a buy rating in a research note on Thursday. Evercore ISI raised their price objective on shares of KKR & Co. Inc. from $112.00 to $117.00 and gave the company an outperform rating in a research note on Monday, July 15th. Finally, StockNews.com lowered shares of KKR & Co. Inc. from a hold rating to a sell rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $116.00.

KKR & Co. Inc. Trading Down 9.3 %

Shares of KKR stock opened at $108.62 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $96.39 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. The company has a 50-day moving average of $109.59 and a two-hundred day moving average of $101.15. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter last year, the firm posted $0.58 earnings per share. On average, analysts predict that KKR & Co. Inc. will post 3.96 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Monday, August 12th will be paid a $0.175 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.70 annualized dividend and a yield of 0.64%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the transaction, the insider now owns 9,688,618 shares of the company’s stock, valued at $247,641,076.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the sale, the insider now owns 33,133,123 shares in the company, valued at $413,501,375.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,554,644 shares of company stock valued at $1,725,355,039. 39.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares in the last quarter. Mather Group LLC. boosted its position in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter worth about $27,000. Blue Trust Inc. boosted its position in shares of KKR & Co. Inc. by 197.2% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock worth $26,000 after buying an additional 211 shares in the last quarter. Finally, American National Bank boosted its position in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.