KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $168.00 at Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR) had its target price cut by Keefe, Bruyette & Woods from $170.00 to $168.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

KKR has been the subject of several other reports. Barclays upped their target price 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. Evercore ISI increased their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. HSBC started coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley boosted their price objective on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.93.

KKR & Co. Inc. Stock Up 0.3 %

KKR stock opened at $141.37 on Monday. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. 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 firm’s fifty day moving average is $152.28 and its 200 day moving average is $133.34. The firm has a market cap of $125.57 billion, a PE ratio of 42.97, a P/E/G ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.73 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently made changes to their positions in KKR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KKR & Co. Inc. by 8.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 57,886 shares of the asset manager’s stock worth $7,559,000 after acquiring an additional 4,719 shares during the period. XTX Topco Ltd lifted its stake in shares of KKR & Co. Inc. by 116.8% in the 2nd quarter. XTX Topco Ltd now owns 29,619 shares of the asset manager’s stock valued at $3,117,000 after purchasing an additional 15,959 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 42.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,136 shares of the asset manager’s stock worth $1,976,000 after purchasing an additional 4,481 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 31.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 92,741 shares of the asset manager’s stock worth $12,110,000 after purchasing an additional 22,007 shares during the period. Finally, Caldwell Investment Management Ltd. increased its position in shares of KKR & Co. Inc. by 3.3% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 206,500 shares of the asset manager’s stock worth $27,273,000 after purchasing an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.