KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $194.00 at Bank of America

KKR & Co. Inc. (NYSE:KKR) had its price objective cut by Bank of America from $214.00 to $194.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

A number of other analysts have also commented on KKR. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $153.00 to $173.00 in a research note on Thursday, January 30th. Barclays lowered their target price on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley cut their price target on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Hsbc Global Res downgraded KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods cut their target price on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.00.

KKR & Co. Inc. Trading Down 9.6 %

Shares of KKR & Co. Inc. stock opened at $92.74 on Friday. The stock has a market capitalization of $82.38 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77. KKR & Co. Inc. has a 52 week low of $88.76 and a 52 week high of $170.40. The stock has a 50 day moving average price of $130.85 and a two-hundred day moving average price of $140.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.75%. KKR & Co. Inc.’s payout ratio is 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 39.34% of the company’s stock.

Institutional Trading of KKR & Co. Inc.

Institutional investors have recently modified their holdings of the business. McIlrath & Eck LLC purchased a new position in KKR & Co. Inc. in the 4th quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in KKR & Co. Inc. in the 4th quarter worth about $34,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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.