KKR & Co. Inc. (NYSE:KKR) Receives $127.75 Consensus PT from Brokerages

KKR & Co. Inc. (NYSE:KKR) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $127.75.

A number of brokerages have issued reports on KKR. Royal Bank Of Canada upped their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Barclays lifted their target price on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. BMO Capital Markets boosted their target price on KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Zacks Research upgraded KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Argus raised their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Border to Coast Pensions Partnership Ltd raised its stake in shares of KKR & Co. Inc. by 14.5% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 435,000 shares of the asset manager’s stock worth $40,361,000 after acquiring an additional 55,000 shares in the last quarter. Andra AP fonden lifted its position in KKR & Co. Inc. by 201.7% during the first quarter. Andra AP fonden now owns 57,630 shares of the asset manager’s stock valued at $5,331,000 after acquiring an additional 38,530 shares during the last quarter. Third View Private Wealth LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $3,126,000. Concurrent Investment Advisors LLC boosted its stake in KKR & Co. Inc. by 125.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,728 shares of the asset manager’s stock valued at $2,515,000 after acquiring an additional 10,982 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in KKR & Co. Inc. by 152.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 174,004 shares of the asset manager’s stock valued at $22,182,000 after acquiring an additional 105,070 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $113.93 on Wednesday. The company’s 50-day moving average price is $98.75 and its 200-day moving average price is $97.75. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a market cap of $102.27 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. During the same quarter last year, the firm earned $1.18 EPS. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.68 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. KKR & Co. Inc.’s dividend payout ratio is currently 24.84%.

KKR & Co. Inc. announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About KKR & Co. Inc.

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.