Analysts Set KKR & Co. Inc. (NYSE:KKR) PT at $156.20

Shares of KKR & Co. Inc. (NYSE:KKR) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $156.20.

A number of brokerages have recently issued reports on KKR. BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Citigroup dropped their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Citizens Jmp downgraded shares of KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 14th. Oppenheimer dropped their price target on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, HSBC downgraded shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and set a $142.00 price target on the stock. in a research report on Wednesday, July 9th.

KKR & Co. Inc. Stock Up 0.1%

NYSE:KKR opened at $117.69 on Thursday. The firm’s 50 day simple moving average is $136.23 and its 200 day simple moving average is $128.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The company has a market cap of $104.86 billion, a PE ratio of 54.74, a P/E/G ratio of 1.32 and a beta of 1.91.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.09 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th were paid a $0.185 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. This is an increase from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Insider Buying and Selling at KKR & Co. Inc.

In other news, Chairman George R. Roberts sold 809,906 shares of KKR & Co. Inc. stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $144.25, for a total value of $116,828,940.50. Following the completion of the sale, the chairman owned 81,361,978 shares in the company, valued at $11,736,465,326.50. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 39.34% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently modified their holdings of KKR. Brighton Jones LLC increased its stake in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $218,000. Dynamic Advisor Solutions LLC increased its stake in KKR & Co. Inc. by 2.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,609 shares of the asset manager’s stock valued at $880,000 after purchasing an additional 163 shares in the last quarter. Ritholtz Wealth Management increased its stake in KKR & Co. Inc. by 53.0% during the 1st quarter. Ritholtz Wealth Management now owns 4,402 shares of the asset manager’s stock valued at $509,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in KKR & Co. Inc. by 87.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 230,990 shares of the asset manager’s stock valued at $26,705,000 after purchasing an additional 107,691 shares in the last quarter. Institutional investors 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.