KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $111.00

KKR & Co. Inc. (NYSE:KKR) had its target price increased by TD Cowen from $108.00 to $111.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a hold rating on the asset manager’s stock.

A number of other analysts have also recently weighed in on KKR. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Zacks Research upgraded shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada upped their target price on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Finally, HSBC lifted their price target on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.75.

KKR & Co. Inc. Stock Down 2.4%

KKR & Co. Inc. stock opened at $105.64 on Monday. The stock has a market cap of $94.85 billion, a PE ratio of 33.64, a P/E/G ratio of 0.93 and a beta of 1.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The stock’s fifty day moving average is $96.72 and its two-hundred day moving average is $98.54. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.89% and a net margin of 14.41%.The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm posted $1.18 EPS. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.54 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 24.84%.

KKR & Co. Inc. declared that its board has approved a stock repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Washington Trust Advisors Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter valued at $27,000. SouthState Bank Corp boosted its stake in KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager’s stock worth $29,000 after purchasing an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR closed its Global Infrastructure Investors V fund with $19.2 billion in committed capital, expanding its ability to invest in infrastructure and potentially generate future management fees and performance income. KKR closes Global Infrastructure Investors V fund
• Positive Sentiment: The firm is pursuing a roughly $1 billion renewable-energy transaction involving assets from TotalEnergies, reinforcing KKR’s focus on energy-transition investments. KKR renewables acquisition from TotalEnergies
• Positive Sentiment: Argus raised its KKR price target to $125 and maintained a “buy” rating. BMO Capital Markets also lifted its target to $118, while TD Cowen increased its target to $111, signaling continued analyst confidence. Argus raises KKR price target BMO raises KKR price target TD Cowen raises KKR price target
• Neutral Sentiment: KKR agreed to take medical-device maker Integer Holdings private for approximately $5.7 billion. The acquisition adds to KKR’s deployment pipeline but also creates integration and valuation risks. KKR Integer Holdings deal
• Neutral Sentiment: Reports that Citigroup is preparing about $2 billion of debt financing for the Integer acquisition highlight KKR’s access to funding, while also underscoring leverage and interest-cost considerations. Debt financing for KKR Integer buyout
• Neutral Sentiment: Commentary argues KKR has remained resilient despite concerns about private-market asset valuations, supporting the longer-term investment case. KKR resilience to private asset fears
• Negative Sentiment: Unusually large purchases of KKR put options indicate that some traders are positioning for further downside or seeking protection, potentially weighing on sentiment. KKR put option activity

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.