KKR & Co. Inc. (NYSE:KKR) Receives $137.20 Average Price Target from Analysts

KKR & Co. Inc. (NYSE:KKR) has been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $134.6667.

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of KKR & Co. Inc. from $177.00 to $153.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $144.00 price objective on the stock in a research note on Wednesday, January 28th. Zacks Research cut shares of KKR & Co. Inc. from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. The Goldman Sachs Group reduced their price objective on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Barclays reduced their price objective on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $102.48 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $91.36 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.90 and a beta of 1.85. The firm has a 50 day simple moving average of $94.49 and a 200 day simple moving average of $111.73. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.50%. Sell-side analysts predict that KKR & Co. Inc. will post 5.39 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 0.8%. KKR & Co. Inc.’s payout ratio is 25.17%.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, CEO Scott C. Nuttall acquired 125,000 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $102.66 per share, with a total value of $12,832,500.00. Following the completion of the purchase, the chief executive officer owned 15,503,748 shares in the company, valued at $1,591,614,769.68. The trade was a 0.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matt Cohler acquired 43,872 shares of KKR & Co. Inc. stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $102.90 per share, for a total transaction of $4,514,428.80. Following the completion of the purchase, the director owned 45,477 shares of the company’s stock, valued at approximately $4,679,583.30. The trade was a 2,733.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 393,872 shares of company stock valued at $40,090,679 in the last three months. Insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covenant Asset Management LLC boosted its position in shares of KKR & Co. Inc. by 1,424.8% during the third quarter. Covenant Asset Management LLC now owns 29,826 shares of the asset manager’s stock worth $3,876,000 after purchasing an additional 27,870 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of KKR & Co. Inc. by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,313,857 shares of the asset manager’s stock worth $170,736,000 after purchasing an additional 65,178 shares in the last quarter. Cumberland Partners Ltd boosted its position in shares of KKR & Co. Inc. by 816.2% during the third quarter. Cumberland Partners Ltd now owns 25,791 shares of the asset manager’s stock worth $3,352,000 after purchasing an additional 22,976 shares in the last quarter. Banco Santander S.A. boosted its position in shares of KKR & Co. Inc. by 5,405.9% during the third quarter. Banco Santander S.A. now owns 144,970 shares of the asset manager’s stock worth $18,839,000 after purchasing an additional 142,337 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of KKR & Co. Inc. by 63.2% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 98,983 shares of the asset manager’s stock worth $12,862,000 after purchasing an additional 38,322 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: UBS said KKR could see strong upside, and TD Cowen lifted its price target to $106, reinforcing a constructive analyst view on the stock. UBS Group Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock
• Positive Sentiment: KKR closed its Arctos acquisition, expanding into sports franchise investing and GP solutions, which broadens its private-markets platform and could support longer-term growth. KKR Adds Sports Franchise Exposure Through Arctos Buyout
• Positive Sentiment: KKR-backed InCred filed IPO papers in India targeting a large valuation, which may highlight value creation within KKR’s portfolio. KKR-Backed InCred Files ₹3,000 Crore IPO Papers, Targets ₹15,000 Crore Valuation
• Positive Sentiment: KKR portfolio company CoolIT was sold for $4.75 billion, and employee payouts are reportedly substantial, another sign that KKR can monetize investments well. This KKR Portfolio Company Just Sold for $4.75 Billion—and Its Employees Are Getting an 8x Salary Bonus
• Neutral Sentiment: Unusual options activity showed elevated put buying, suggesting some traders are hedging or betting on near-term downside, but it does not confirm a fundamental change. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Neutral Sentiment: RBC turned more cautious on KKR’s stock price, adding to the mixed analyst backdrop, though it is offset by the bullish views elsewhere. Royal Bank Of Canada Issues Pessimistic Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price
• Negative Sentiment: KKR and Instructure were sued over a data breach tied to the Canvas edtech tool, creating potential legal and reputational risk for KKR. KKR, Instructure Sued After Canvas EdTech Tool Data Breach (1)
• Negative Sentiment: KKR’s Q1 results beat estimates, but shares fell after management reduced visibility on reaching $7 per share in annualized net income, which spooked investors about near-term earnings momentum. KKR Shares Slip as Weak ANI Outlook Overshadows Q1 Earnings Beat

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.