KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $170.00

KKR & Co. Inc. (NYSE:KKR) had its price target upped by Keefe, Bruyette & Woods from $163.00 to $170.00 in a report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the asset manager’s stock.

Other analysts also recently issued reports about the company. Citigroup raised their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen lifted their price target on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective on the stock. Redburn Atlantic started coverage on KKR & Co. Inc. in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Finally, Barclays upped their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One equities 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’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $147.58 on Friday. The company’s 50-day moving average price is $149.14 and its 200-day moving average price is $128.74. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $131.08 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a twelve month low of $78.95 and a twelve month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data 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 company 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 in the previous year, the firm posted $0.73 earnings per share. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board boosted its position in KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after buying an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at about $154,468,000. Massachusetts Financial Services Co. MA grew its position in shares of KKR & Co. Inc. by 6.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after buying an additional 996,871 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of KKR & Co. Inc. by 315.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after acquiring an additional 895,891 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.

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.