KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

KKR & Co. Inc. (NYSE:KKR) had its target price upped by Deutsche Bank Aktiengesellschaft from $158.00 to $159.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of KKR & Co. Inc. from $139.00 to $152.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective for the company. Barclays upped their target price on shares of KKR & Co. Inc. from $149.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Oppenheimer lifted their price target on KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.93.

KKR & Co. Inc. Price Performance

KKR stock opened at $150.52 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company’s 50-day moving average is $134.84 and its 200-day moving average is $118.56. The stock has a market capitalization of $133.70 billion, a PE ratio of 45.75, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. KKR & Co. Inc. has a 1 year low of $65.91 and a 1 year high of $156.54.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the company earned $0.73 earnings per share. Equities research analysts expect that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Monday, November 4th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Insiders Place Their Bets

In other news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at approximately $1,034,644,621.92. This represents a 14.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in KKR. Raleigh Capital Management Inc. lifted its stake in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter worth $31,000. Versant Capital Management Inc lifted its position in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares in the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth $34,000. Finally, Mather Group LLC. grew its position in shares of KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 208 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.