Wells Fargo & Company upgraded shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday morning, MarketBeat.com reports. Wells Fargo & Company currently has $141.00 price objective on the asset manager's stock, down from their previous price objective of $150.00.
A number of other equities analysts have also commented on the stock. Morgan Stanley reduced their target price on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods decreased 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 increased their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $160.79.
Check Out Our Latest Analysis on KKR
KKR & Co. Inc. Trading Up 4.8 %
Shares of NYSE KKR traded up $5.65 during mid-day trading on Thursday, reaching $122.15. The company had a trading volume of 5,275,719 shares, compared to its average volume of 4,386,218. The stock has a market cap of $108.50 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 52 week low of $91.92 and a 52 week high of $170.40. The business's 50-day moving average is $138.68 and its 200-day moving average is $141.66. 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. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.57%. KKR & Co. Inc.'s dividend payout ratio is presently 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 that occurred on 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 39.34% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. increased its position in shares of KKR & Co. Inc. by 17.8% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 430 shares of the asset manager's stock valued at $64,000 after acquiring an additional 65 shares during the period. Oppenheimer Asset Management Inc. grew its stake in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock valued at $2,430,000 after purchasing an additional 69 shares during the last quarter. Ballentine Partners LLC grew its stake in KKR & Co. Inc. by 1.2% during the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager's stock valued at $846,000 after purchasing an additional 70 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of KKR & Co. Inc. by 5.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,289 shares of the asset manager's stock valued at $191,000 after purchasing an additional 70 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of KKR & Co. Inc. by 0.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager's stock worth $1,623,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.
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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