KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $170.00 at Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR) had its target price increased by Keefe, Bruyette & Woods from $163.00 to $170.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other research firms also recently commented on KKR. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley increased their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Barclays raised their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Trading Up 2.8 %

KKR & Co. Inc. stock opened at $147.58 on Friday. 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 stock has a market cap 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 stock has a 50-day moving average of $149.14 and a two-hundred day moving average of $128.74. KKR & Co. Inc. has a one year low of $78.95 and a one year high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period last year, the firm posted $0.73 EPS. On average, research analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors 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 yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the business. &PARTNERS increased its holdings in KKR & Co. Inc. by 179.8% in the 2nd quarter. &PARTNERS now owns 7,576 shares of the asset manager’s stock worth $797,000 after acquiring an additional 4,868 shares in the last quarter. Retirement Systems of Alabama acquired a new position in shares of KKR & Co. Inc. during the 2nd quarter worth about $15,451,000. Aries Wealth Management lifted its stake in KKR & Co. Inc. by 5.8% in the 2nd quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock valued at $998,000 after buying an additional 524 shares in the last quarter. Calamos Advisors LLC boosted its holdings in KKR & Co. Inc. by 0.7% in the 2nd quarter. Calamos Advisors LLC now owns 125,665 shares of the asset manager’s stock worth $13,225,000 after buying an additional 927 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in KKR & Co. Inc. by 1,033.3% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $250,000 after buying an additional 2,170 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.