KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by HSBC

HSBC upgraded shares of KKR & Co. Inc. (NYSE:KKR) from a hold rating to a buy rating in a report issued on Tuesday, MarketBeat Ratings reports. They currently have $119.00 price objective on the asset manager’s stock, down from their prior price objective of $170.00.

KKR has been the subject of a number of other research reports. Barclays lowered their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating for the company in a report on Friday, April 11th. JMP Securities lowered their target price on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. TD Cowen cut their price target on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley decreased their price target on KKR & Co. Inc. from $156.00 to $114.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Wells Fargo & Company dropped their price objective on KKR & Co. Inc. from $141.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.93.

KKR & Co. Inc. Stock Up 1.0 %

Shares of NYSE:KKR opened at $104.20 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $92.55 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company’s 50-day moving average price is $120.25 and its two-hundred day moving average price is $139.12.

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 paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.67%. KKR & Co. Inc.’s dividend payout ratio is 21.02%.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors 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 fourth quarter valued at $26,000. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the fourth quarter worth approximately $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth approximately $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.