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

Shares of KKR & Co. Inc. (NYSE:KKR) have earned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $158.21.

Several research firms have commented on KKR. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Hsbc Global Res raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Evercore ISI upped their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, HSBC assumed coverage on KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 target price on the stock.

KKR & Co. Inc. Price Performance

Shares of KKR stock opened at $143.53 on Friday. 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 firm has a market cap of $127.49 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 1.25 and a beta of 1.63. The stock has a 50-day moving average price of $148.90 and a 200 day moving average price of $128.06. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during 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 in the prior year, the company earned $0.73 EPS. Research analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were paid a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a dividend yield of 0.49%. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently made changes to their positions in the business. &PARTNERS grew its holdings in KKR & Co. Inc. by 179.8% during the second quarter. &PARTNERS now owns 7,576 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 4,868 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after purchasing an additional 99 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $15,451,000. Aries Wealth Management boosted its stake in shares of KKR & Co. Inc. by 5.8% during the 2nd quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock valued at $998,000 after purchasing an additional 524 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of KKR & Co. Inc. by 0.7% in the 2nd quarter. Calamos Advisors LLC now owns 125,665 shares of the asset manager’s stock worth $13,225,000 after acquiring an additional 927 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.