Hsbc Global Res upgraded shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.
A number of other equities research analysts have also recently weighed in on KKR. Barclays cut their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and lowered their target price for the stock from $170.00 to $119.00 in a report on Tuesday. JMP Securities dropped their price target on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Bank of America cut their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of "Moderate Buy" and an average target price of $144.93.
Read Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Stock Performance
KKR stock traded up $1.24 during midday trading on Tuesday, reaching $103.29. The company had a trading volume of 3,725,114 shares, compared to its average volume of 4,952,116. The firm has a market capitalization of $91.75 billion, a PE ratio of 31.02, a P/E/G ratio of 1.00 and a beta of 1.77. The stock has a 50 day moving average price of $117.65 and a 200 day moving average price of $138.50. 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. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.
KKR & Co. Inc. Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s dividend payout ratio is 21.02%.
Insider Activity at KKR & Co. Inc.
In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 39.34% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. McIlrath & Eck LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $26,000. Hanson & Doremus Investment Management bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at approximately $30,000. Mascagni Wealth Management Inc. bought a new position in KKR & Co. Inc. in the 4th quarter worth approximately $31,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of KKR & Co. Inc. during the fourth quarter worth approximately $34,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.
About KKR & Co. Inc.
(
Get Free Report)
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.
See Also
Before you consider KKR & Co. Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KKR & Co. Inc. wasn't on the list.
While KKR & Co. Inc. currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
