KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $120.00 at Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by Wells Fargo & Company from $141.00 to $120.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Several other brokerages have also recently weighed in on KKR. Barclays dropped their price objective on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Bank of America reduced their price objective on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, HSBC downgraded shares of 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 report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.67.

KKR & Co. Inc. Stock Down 3.7 %

KKR opened at $93.97 on Tuesday. The firm has a market cap of $83.47 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.00 and a beta of 1.77. 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’s 50-day simple moving average is $126.66 and its 200-day simple moving average is $140.29. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 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 business’s 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 completion of the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of KKR. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Hanson & Doremus Investment Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $30,000. Mascagni Wealth Management Inc. acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $31,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.