Wells Fargo & Company Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $151.00

KKR & Co. Inc. (NYSE:KKR) had its price target reduced by Wells Fargo & Company from $163.00 to $151.00 in a report issued on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the asset manager’s stock.

Several other equities analysts also recently commented on the stock. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Citigroup increased their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Trading Up 1.8 %

Shares of KKR stock opened at $153.19 on Tuesday. The company has a market cap of $136.07 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a 1 year low of $80.48 and a 1 year high of $163.68. The stock’s 50 day simple moving average is $152.38 and its two-hundred day simple moving average is $133.87. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share 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 return on equity of 5.77% and a net margin of 13.21%. During the same quarter in the prior year, the firm posted $0.73 EPS. Research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Institutional Trading of KKR & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. raised its position in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. in the third quarter worth about $31,000. Eastern Bank bought a new position in KKR & Co. Inc. in the third quarter worth about $34,000. Bank of New Hampshire purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $45,000. Finally, Truvestments Capital LLC bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $40,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.