Brokerages Set KKR & Co. Inc. (NYSE:KKR) PT at $127.75

KKR & Co. Inc. (NYSE:KKR) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $127.75.

Several research analysts have weighed in on the stock. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Royal Bank Of Canada upped their price objective on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets lifted their target price on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, August 3rd.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $113.93 on Wednesday. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $152.10. The business’s fifty day simple moving average is $98.75 and its 200-day simple moving average is $97.89. The firm has a market cap of $102.27 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 0.99 and a beta of 1.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same period last year, the company earned $1.18 EPS. Equities analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. declared that its board has approved a stock repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 24.84%.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $1,715,929,000. Legal & General Group Plc purchased a new stake in KKR & Co. Inc. during the second quarter worth about $470,778,000. Bank of New York Mellon Corp acquired a new stake in shares of KKR & Co. Inc. during the second quarter worth about $298,311,000. Viking Global Investors LP acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth about $352,038,000. Finally, Temasek Holdings Private Ltd boosted its stake in shares of KKR & Co. Inc. by 164.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after purchasing an additional 2,190,248 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.