KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $159.00 at Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective trimmed by Barclays from $169.00 to $159.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

A number of other equities research analysts have also weighed in on KKR. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Citigroup reduced their price target on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. UBS Group began coverage on KKR & Co. Inc. in a report on Thursday, December 11th. They issued a “buy” rating and a $176.00 target price for the company. Finally, BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $134.77 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $120.13 billion, a price-to-earnings ratio of 57.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.99. The firm’s fifty day moving average price is $126.51 and its 200 day moving average price is $133.03. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business earned $1.38 EPS. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.185 per share. 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 presently 31.36%.

Institutional Inflows and Outflows

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