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

KKR & Co. Inc. (NYSE:KKR) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $158.7857.

Several equities research analysts have weighed in on KKR shares. Weiss Ratings restated a “sell (d+)” rating on shares of KKR & Co. Inc. in a report on Wednesday, December 24th. Barclays boosted their price objective on KKR & Co. Inc. from $154.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Oppenheimer reduced their price target on shares of 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. Finally, BMO Capital Markets assumed coverage on shares of KKR & Co. Inc. in a research note on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price objective for the company.

Institutional Trading of KKR & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Southeast Asset Advisors LLC increased its position in KKR & Co. Inc. by 0.3% during the 2nd quarter. Southeast Asset Advisors LLC now owns 22,425 shares of the asset manager’s stock worth $2,983,000 after purchasing an additional 68 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of KKR & Co. Inc. by 13.9% in the second quarter. Bruce G. Allen Investments LLC now owns 589 shares of the asset manager’s stock valued at $78,000 after buying an additional 72 shares in the last quarter. Moors & Cabot Inc. grew its holdings in KKR & Co. Inc. by 1.0% during the second quarter. Moors & Cabot Inc. now owns 7,429 shares of the asset manager’s stock worth $988,000 after acquiring an additional 75 shares during the period. Berbice Capital Management LLC grew its holdings in KKR & Co. Inc. by 3.5% during the second quarter. Berbice Capital Management LLC now owns 2,200 shares of the asset manager’s stock worth $293,000 after acquiring an additional 75 shares during the period. Finally, Foundations Investment Advisors LLC raised its position in KKR & Co. Inc. by 3.7% in the second quarter. Foundations Investment Advisors LLC now owns 2,380 shares of the asset manager’s stock worth $317,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Trading Down 0.9%

Shares of KKR stock opened at $129.25 on Tuesday. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a 50 day moving average price of $124.62 and a 200 day moving average price of $132.60. The stock has a market capitalization of $115.20 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Equities research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

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

KKR & Co. Inc. Company Profile

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.