KKR & Co. Inc. (NYSE:KKR) Given Consensus Recommendation of “Buy” by Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have been given an average recommendation of “Buy” by the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $159.07.

Several brokerages recently issued reports on KKR. Evercore ISI lifted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Citigroup upped their target price on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods dropped their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Morgan Stanley upped their price objective on shares of 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. Finally, Oppenheimer lifted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th.

KKR & Co. Inc. Stock Up 2.8 %

KKR & Co. Inc. stock opened at $157.58 on Tuesday. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.66. The firm’s fifty day moving average price is $152.49 and its two-hundred day moving average price is $134.43. KKR & Co. Inc. has a 1-year low of $80.89 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations 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. On average, equities research analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.44%. KKR & Co. Inc.’s payout ratio is 21.28%.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. boosted its holdings in 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 buying an additional 85 shares during the period. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $40,000. Finally, Bank of New Hampshire bought a new stake in KKR & Co. Inc. during the 4th quarter valued at $45,000. 76.26% of the stock is currently owned by institutional investors.

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.