Barclays Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $159.00

KKR & Co. Inc. (NYSE:KKR) had its target price lowered by Barclays from $169.00 to $159.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager’s stock.

Other analysts have also recently issued reports about the stock. Citigroup lowered their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. TD Cowen reduced their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, November 10th. UBS Group started coverage on KKR & Co. Inc. in a research report on Thursday, December 11th. They issued a “buy” rating and a $176.00 price objective on the stock. Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Oppenheimer reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.07.

KKR & Co. Inc. Stock Performance

NYSE:KKR opened at $134.77 on Friday. 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. has a 52-week low of $86.15 and a 52-week high of $170.40. The firm has a market cap of $120.13 billion, a price-to-earnings ratio of 57.11, a PEG ratio of 1.07 and a beta of 1.99. The business’s fifty day moving average is $126.51 and its 200 day moving average is $133.09.

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 the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $1.38 EPS. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.185 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of KKR & Co. Inc. by 109.6% in the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth $218,000. Great Lakes Advisors LLC raised its holdings in KKR & Co. Inc. by 66.0% during the 1st quarter. Great Lakes Advisors LLC now owns 3,094 shares of the asset manager’s stock valued at $358,000 after buying an additional 1,230 shares during the last quarter. Ascent Group LLC purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at $282,000. Finally, Woodline Partners LP grew its holdings in KKR & Co. Inc. by 40.7% in the 1st quarter. Woodline Partners LP now owns 57,032 shares of the asset manager’s stock worth $6,593,000 after acquiring an additional 16,492 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

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.