The Goldman Sachs Group Increases KKR & Co. Inc. (NYSE:KKR) Price Target to $160.00

KKR & Co. Inc. (NYSE:KKR) had its price target hoisted by The Goldman Sachs Group from $145.00 to $160.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the asset manager’s stock.

A number of other research analysts have also recently commented on KKR. JMP Securities upped their target price on shares of KKR & Co. Inc. from $135.00 to $150.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of KKR & Co. Inc. from $146.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen raised their price target on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.29.

KKR & Co. Inc. Stock Down 2.4 %

Shares of NYSE KKR opened at $139.88 on Friday. The company has a market capitalization of $124.14 billion, a P/E ratio of 32.99, a P/E/G ratio of 1.20 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company has a 50 day simple moving average of $128.49 and a 200-day simple moving average of $114.09. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $147.15.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm earned $0.73 earnings per share. On average, equities research analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 16.51%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock valued at $14,444,000 after purchasing an additional 111,881 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. in the first quarter valued at approximately $212,000. First Bank & Trust boosted its holdings in shares of KKR & Co. Inc. by 13.7% in the first quarter. First Bank & Trust now owns 6,432 shares of the asset manager’s stock valued at $647,000 after acquiring an additional 774 shares during the period. O ROURKE & COMPANY Inc grew its position in shares of KKR & Co. Inc. by 2.4% during the first quarter. O ROURKE & COMPANY Inc now owns 44,647 shares of the asset manager’s stock worth $4,491,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of KKR & Co. Inc. by 227.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,380 shares of the asset manager’s stock valued at $1,446,000 after acquiring an additional 9,982 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.