KKR & Co. Inc. (NYSE:KKR) Share Price Crosses Above 200 Day Moving Average – Here’s Why

KKR & Co. Inc. (NYSE:KKR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $130.07 and traded as high as $151.77. KKR & Co. Inc. shares last traded at $149.86, with a volume of 1,571,881 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research report on Wednesday, September 18th. Citigroup boosted 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. Oppenheimer increased their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. TD Cowen boosted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.07.

KKR & Co. Inc. Stock Performance

The stock has a market capitalization of $133.11 billion, a PE ratio of 45.55, a P/E/G ratio of 1.22 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a 50 day moving average of $150.56 and a 200-day moving average of $130.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $31,000. Raleigh Capital Management Inc. grew its stake in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter valued at $34,000. Farmers & Merchants Investments Inc. acquired a new stake in KKR & Co. Inc. in the second quarter worth about $38,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $38,000. 76.26% of the stock is currently 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.