KKR & Co. Inc. (NYSE:KKR) Receives $158.21 Consensus PT from Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $160.07.

KKR has been the topic of several recent research reports. Citigroup upped their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, HSBC initiated coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company.

KKR & Co. Inc. Trading Up 2.4 %

NYSE:KKR opened at $152.58 on Friday. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $149.39 and its 200 day moving average is $129.08. The stock has a market capitalization of $135.53 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm 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 period in the previous year, the company posted $0.73 earnings per share. Sell-side analysts expect that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in KKR. &PARTNERS raised its position in KKR & Co. Inc. by 179.8% during the second quarter. &PARTNERS now owns 7,576 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 4,868 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of KKR & Co. Inc. by 2.4% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after buying an additional 99 shares in the last quarter. Retirement Systems of Alabama bought a new stake in KKR & Co. Inc. in the 2nd quarter worth approximately $15,451,000. Aries Wealth Management boosted its stake in KKR & Co. Inc. by 5.8% in the second quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock worth $998,000 after buying an additional 524 shares in the last quarter. Finally, Calamos Advisors LLC grew its position in KKR & Co. Inc. by 0.7% during the second quarter. Calamos Advisors LLC now owns 125,665 shares of the asset manager’s stock valued at $13,225,000 after acquiring an additional 927 shares during the last quarter. 76.26% of the stock is owned by 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.