KKR & Co. Inc. (NYSE:KKR) Sets New 52-Week High on Analyst Upgrade

KKR & Co. Inc. (NYSE:KKR - Get Free Report)'s stock price hit a new 52-week high on Monday after Evercore ISI raised their price target on the stock from $112.00 to $117.00. Evercore ISI currently has an outperform rating on the stock. KKR & Co. Inc. traded as high as $113.94 and last traded at $113.82, with a volume of 109548 shares. The stock had previously closed at $110.74.

KKR has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, June 11th. StockNews.com cut KKR & Co. Inc. from a "hold" rating to a "sell" rating in a research report on Wednesday, May 15th. Barclays boosted their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 10th. Jefferies Financial Group dropped their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Finally, TD Cowen dropped their price objective on KKR & Co. Inc. from $157.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and an average price target of $101.20.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares in the company, valued at $30,557,025.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the stock in a transaction dated 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 purchase, the insider now owns 9,688,618 shares in the company, valued at approximately $247,641,076.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the completion of the sale, the insider now owns 366,567 shares in the company, valued at $30,557,025.12. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings 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 acquiring an additional 211 shares in the last quarter. Riverview Trust Co acquired a new position in shares of KKR & Co. Inc. in the 1st quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings 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 acquiring an additional 218 shares in the last quarter. Mather Group LLC. boosted its holdings 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 acquiring an additional 208 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $30,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Stock Up 3.8 %

The firm has a market capitalization of $102.03 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 0.99 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $105.86 and a 200 day moving average price of $97.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The firm had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. Sell-side analysts anticipate that KKR & Co. Inc. will post 3.96 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a dividend of $0.175 per share. This is an increase from KKR & Co. Inc.'s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.70 annualized dividend and a yield of 0.61%. KKR & Co. Inc.'s dividend payout ratio is currently 15.70%.

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.