KKR & Co. Inc. (NYSE:KKR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

KKR & Co. Inc. (NYSE:KKR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $130.07 and traded as high as $151.77. KKR & Co. Inc. shares last traded at $149.86, with a volume of 1,571,881 shares trading hands.

Analyst Upgrades and Downgrades

KKR has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. 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 report on Tuesday, October 29th. Oppenheimer raised their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Citigroup increased their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Stock Performance

The company’s 50-day moving average is $150.56 and its two-hundred day moving average is $130.07. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $133.11 billion, a P/E ratio of 45.55, a PEG ratio of 1.22 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results 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 company had revenue of $4.79 billion for 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 quarter last year, the firm earned $0.73 EPS. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in KKR & Co. Inc. by 1.8% during the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock valued at $3,486,977,000 after buying an additional 481,686 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock worth $3,059,859,000 after acquiring an additional 60,147 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in KKR & Co. Inc. by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares during the period. Geode Capital Management LLC grew its stake in KKR & Co. Inc. by 2.7% during the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock valued at $1,768,788,000 after acquiring an additional 355,837 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after purchasing an additional 165,631 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Company Profile

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.