KKR & Co. Inc. (NYSE:KKR - Free Report) had its price target decreased by Wells Fargo & Company from $141.00 to $120.00 in a research note released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the asset manager's stock.
Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reduced their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Bank of America reduced their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a research note on Friday, April 4th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JMP Securities dropped their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and boosted their target price for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $151.33.
Check Out Our Latest Report on KKR
KKR & Co. Inc. Trading Down 0.5 %
KKR traded down $0.47 during trading on Tuesday, hitting $101.40. 8,299,480 shares of the company's stock were exchanged, compared to its average volume of 4,929,030. The firm has a market cap of $90.07 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The stock has a 50 day moving average price of $122.22 and a 200 day moving average price of $139.51.
KKR & Co. Inc. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.'s payout ratio is currently 21.02%.
Insider Transactions at KKR & Co. Inc.
In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares of the company's stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 39.34% of the company's stock.
Hedge Funds Weigh In On KKR & Co. Inc.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pines Wealth Management LLC grew its holdings in KKR & Co. Inc. by 3.0% during the first quarter. Pines Wealth Management LLC now owns 4,115 shares of the asset manager's stock valued at $476,000 after purchasing an additional 121 shares during the last quarter. Fjell Capital LLC increased its position in shares of KKR & Co. Inc. by 12.8% in the 1st quarter. Fjell Capital LLC now owns 4,313 shares of the asset manager's stock valued at $499,000 after buying an additional 490 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in KKR & Co. Inc. by 532.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,443 shares of the asset manager's stock worth $167,000 after purchasing an additional 1,215 shares during the period. Triangle Securities Wealth Management lifted its position in KKR & Co. Inc. by 5.7% during the 1st quarter. Triangle Securities Wealth Management now owns 64,333 shares of the asset manager's stock worth $7,438,000 after buying an additional 3,491 shares in the last quarter. Finally, Sweeney & Michel LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at about $404,000. 76.26% of the stock is owned by institutional investors.
About KKR & Co. Inc.
(
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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.
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