KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $194.00 by Analysts at Bank of America

KKR & Co. Inc. (NYSE:KKR - Free Report) had its price target decreased by Bank of America from $214.00 to $194.00 in a research report released on Friday,Benzinga reports. Bank of America currently has a buy rating on the asset manager's stock.

Several other equities research analysts also recently commented on KKR. Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, HSBC cut KKR & Co. Inc. from a "buy" rating to a "hold" rating and increased their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.80.

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KKR & Co. Inc. Trading Up 10.4 %

KKR & Co. Inc. stock traded up $9.81 during trading hours on Friday, hitting $104.32. The stock had a trading volume of 4,737,183 shares, compared to its average volume of 4,834,880. The business's 50 day simple moving average is $126.66 and its 200-day simple moving average is $140.29. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $92.66 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.00 and a beta of 1.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.67%. KKR & Co. Inc.'s payout ratio is currently 21.02%.

Insider Activity

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $1,435,314,000. Nuveen Asset Management LLC grew its stake in KKR & Co. Inc. by 106.2% during the fourth quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager's stock valued at $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. GQG Partners LLC purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $325,752,000. Proficio Capital Partners LLC raised its position in shares of KKR & Co. Inc. by 4,981.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after buying an additional 1,542,092 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in KKR & Co. Inc. during the fourth quarter worth about $218,918,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.