Brokerages Set KKR & Co. Inc. (NYSE:KKR) Target Price at $158.79

Shares of KKR & Co. Inc. (NYSE:KKR) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $158.7857.

Several equities analysts have weighed in on the company. Barclays increased their price objective on KKR & Co. Inc. from $154.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of KKR & Co. Inc. in a research report on Wednesday, December 24th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Oppenheimer cut their target price on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th.

KKR & Co. Inc. Price Performance

KKR opened at $134.56 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a 50-day moving average of $125.32 and a 200 day moving average of $132.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $119.94 billion, a P/E ratio of 57.02, a PEG ratio of 1.02 and a beta of 1.99.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company earned $1.38 earnings per share. On average, research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 17th. KKR & Co. Inc.’s payout ratio is currently 31.36%.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently made changes to their positions in the stock. ESL Trust Services LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at $26,000. Asset Dedication LLC purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at about $26,000. GGM Financials LLC bought a new stake in shares of KKR & Co. Inc. during the third quarter valued at about $27,000. Clearstead Trust LLC bought a new stake in shares of KKR & Co. Inc. during the second quarter valued at about $28,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of KKR & Co. Inc. by 2,150.0% in the third quarter. Richardson Financial Services Inc. now owns 225 shares of the asset manager’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.