KKR & Co. Inc. (NYSE:KKR) Receives $159.93 Consensus PT from Brokerages

KKR & Co. Inc. (NYSE:KKR) has been assigned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $159.07.

Several equities analysts recently commented on KKR shares. The Goldman Sachs Group boosted their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays boosted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities raised their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 29th.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $157.58 on Tuesday. The company has a 50 day moving average of $152.49 and a 200 day moving average of $134.43. The stock has a market cap of $139.97 billion, a P/E ratio of 47.90, a P/E/G ratio of 0.84 and a beta of 1.66. KKR & Co. Inc. has a 12 month low of $80.89 and a 12 month high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly 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 firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate 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 earned $0.73 EPS. As a group, sell-side analysts forecast that KKR & Co. Inc. will post 4.13 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced 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 0.44%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Hedge Funds Weigh In On KKR & Co. Inc.

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

KKR & Co. Inc. Company Profile

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.