KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $140.00

KKR & Co. Inc. (NYSE:KKR) had its price objective increased by Morgan Stanley from $138.00 to $140.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Several other analysts have also recently weighed in on the company. Oppenheimer lifted their price target on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Evercore decreased their price objective on KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. BNP Paribas Exane lowered their price objective on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Finally, TD Cowen dropped their target price on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a report on Monday, October 12th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $123.32.

KKR & Co. Inc. Stock Down 2.9%

KKR & Co. Inc. stock opened at $97.13 on Tuesday. The company’s 50-day moving average price is $95.30 and its two-hundred day moving average price is $97.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $86.65 billion, a P/E ratio of 28.32, a P/E/G ratio of 0.77 and a beta of 1.72. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 6.33% and a net margin of 16.38%. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, analysts expect that KKR & Co. Inc. will post 7.32 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.1950 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 22.74%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in KKR & Co. Inc. in the 2nd quarter valued at $470,778,000. Bank of New York Mellon Corp acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $298,311,000. Temasek Holdings Private Ltd grew its holdings in shares of KKR & Co. Inc. by 164.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock worth $325,859,000 after purchasing an additional 2,190,248 shares in the last quarter. Winslow Capital Management LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth $168,671,000. Finally, Deutsche Bank AG bought a new position in shares of KKR & Co. Inc. in the second quarter worth $148,544,000. Institutional investors own 76.26% of the company’s stock.

Latest KKR & Co. Inc. News

Investors following KKR have been watching these news items:

• Positive Sentiment: KKR and Diamondback are acquiring Permian water infrastructure firm Deep Blue. The deal expands KKR’s exposure to energy-related infrastructure, though the announced reports do not specify transaction terms. Diamondback, KKR to acquire Permian water infrastructure firm Deep Blue
• Positive Sentiment: Piper Sandler raised its price target to $125 and maintained an Overweight rating; Morgan Stanley also raised its target, while RBC reaffirmed Outperform. These calls signal continued analyst confidence in KKR’s prospects. Piper Sandler raises KKR price target
• Neutral Sentiment: KKR set a goal to hire 250,000 veterans and military spouses across its portfolio by 2040. The commitment may support portfolio-company recruiting and KKR’s reputation, but is not an immediate financial catalyst. KKR veteran hiring commitment

About KKR & Co. Inc.

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.