KKR & Co. Inc. (NYSE:KKR) Given New $132.00 Price Target at Citigroup

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by Citigroup from $177.00 to $132.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the asset manager’s stock.

Other analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. 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. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $158.67.

KKR & Co. Inc. Trading Down 3.7 %

Shares of KKR & Co. Inc. stock opened at $93.97 on Tuesday. The stock has a 50 day moving average of $126.66 and a 200 day moving average of $140.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $83.47 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.74%. 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 dated 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 transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KKR. McIlrath & Eck LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $26,000. Hanson & Doremus Investment Management purchased a new stake in KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new position in KKR & Co. Inc. in the fourth quarter valued at $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth about $31,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $34,000. 76.26% of the stock is owned by institutional investors and hedge funds.

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.