Brokerages Set KKR & Co. Inc. (NYSE:KKR) Price Target at $158.21

Shares of KKR & Co. Inc. (NYSE:KKR) have been given a consensus rating of “Buy” by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $160.07.

Several brokerages have commented on KKR. Keefe, Bruyette & Woods raised their price objective on KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen increased their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. HSBC started coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target for the company. Barclays increased their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities boosted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of KKR. ORG Wealth Partners LLC purchased a new position in KKR & Co. Inc. in the third quarter worth approximately $31,000. Raleigh Capital Management Inc. grew its holdings in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $34,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth about $38,000. Finally, Y.D. More Investments Ltd purchased a new stake in KKR & Co. Inc. in the 2nd quarter valued at about $38,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR opened at $147.58 on Friday. The company has a market capitalization of $131.08 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company’s fifty day moving average price is $149.14 and its 200 day moving average price is $128.74. KKR & Co. Inc. has a 1 year low of $78.95 and a 1 year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.73 EPS. On average, research analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.47%. KKR & Co. Inc.’s payout ratio is 21.28%.

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.