KKR & Co. Inc. (NYSE:KKR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other research firms have also commented on KKR. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Bank of America lowered their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Morgan Stanley cut their target price on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Monday. Barclays lowered their price target on KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, JMP Securities cut their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.93.

KKR & Co. Inc. Price Performance

Shares of KKR & Co. Inc. stock opened at $103.29 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business’s 50 day simple moving average is $118.43 and its two-hundred day simple moving average is $138.68. The stock has a market capitalization of $91.75 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 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 stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in KKR & Co. Inc. during the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth $34,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.