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

KKR & Co. Inc. (NYSE:KKR) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $156.3077.

KKR has been the topic of a number of research analyst reports. Barclays lifted their price target on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Citigroup lowered their price target on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Oppenheimer dropped their price target on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Finally, Morgan Stanley reduced their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in KKR & Co. Inc. in the second quarter valued at approximately $1,530,419,000. Nuveen LLC acquired a new stake in shares of KKR & Co. Inc. during the first quarter worth about $844,137,000. Strive Asset Management LLC acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $535,907,000. Viking Global Investors LP acquired a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $352,038,000. Finally, Amundi increased its holdings in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after purchasing an additional 2,439,505 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $128.29 on Friday. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.75. The firm has a market cap of $114.35 billion, a P/E ratio of 54.36, a P/E/G ratio of 1.36 and a beta of 2.00. The business’s 50 day moving average price is $121.78 and its 200 day moving average price is $131.09.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.185 per share. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is currently 31.36%.

KKR & Co. Inc. Company Profile

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.