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

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

A number of research firms have commented on KKR. The Goldman Sachs Group raised their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Citigroup upped their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th.

KKR & Co. Inc. Stock Up 2.8 %

Shares of NYSE KKR opened at $147.58 on Friday. KKR & Co. Inc. has a 52-week low of $78.95 and a 52-week high of $163.68. The firm has a market capitalization of $131.08 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 1.25 and a beta of 1.63. The stock has a 50 day moving average price of $149.14 and a 200 day moving average price of $128.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during 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 in the prior year, the business earned $0.73 EPS. Sell-side analysts expect 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. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. &PARTNERS lifted its stake in KKR & Co. Inc. by 179.8% during the 2nd quarter. &PARTNERS now owns 7,576 shares of the asset manager’s stock valued at $797,000 after acquiring an additional 4,868 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock valued at $445,000 after purchasing an additional 99 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in KKR & Co. Inc. during the 2nd quarter worth about $15,451,000. Aries Wealth Management grew its position in KKR & Co. Inc. by 5.8% during the 2nd quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock worth $998,000 after purchasing an additional 524 shares during the period. Finally, Calamos Advisors LLC raised its stake in shares of KKR & Co. Inc. by 0.7% during the 2nd quarter. Calamos Advisors LLC now owns 125,665 shares of the asset manager’s stock valued at $13,225,000 after buying an additional 927 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.