KKR & Co. Inc. (NYSE:KKR - Free Report) had its price target cut by TD Cowen from $183.00 to $126.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the asset manager's stock.
Several other brokerages also recently weighed in on KKR. Bank of America dropped their target price on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Keefe, Bruyette & Woods cut their target price on 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. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Morgan Stanley dropped their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company reduced their price objective on shares of KKR & Co. Inc. from $141.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $148.53.
Get Our Latest Stock Report on KKR
KKR & Co. Inc. Price Performance
NYSE:KKR traded up $1.69 during trading hours on Wednesday, hitting $103.13. 7,460,512 shares of the stock traded hands, compared to its average volume of 4,939,114. The company has a market cap of $91.61 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. 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 $139.57. 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. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.68%. KKR & Co. Inc.'s payout ratio is currently 21.02%.
Insider Buying and Selling at KKR & Co. Inc.
In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the sale, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.34% of the company's stock.
Institutional Trading of KKR & Co. Inc.
Several institutional investors have recently added to or reduced their stakes in KKR. Norges Bank purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter worth approximately $1,435,314,000. Nuveen Asset Management LLC grew its position in KKR & Co. Inc. by 106.2% in the 4th 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 during the last quarter. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $325,752,000. Proficio Capital Partners LLC lifted its position in shares of KKR & Co. Inc. by 4,981.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager's stock worth $232,669,000 after purchasing an additional 1,542,092 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $218,918,000. Institutional investors own 76.26% of the company's stock.
KKR & Co. Inc. Company Profile
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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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