KKR & Co. Inc. (NYSE:KKR) Receives Average Rating of “Buy” from Analysts

Shares of KKR & Co. Inc. (NYSE:KKR) have earned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $159.07.

A number of equities analysts recently commented on the company. Barclays lifted their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Oppenheimer boosted their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board raised its holdings in shares of KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $154,468,000. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 6.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock worth $1,755,838,000 after purchasing an additional 996,871 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of KKR & Co. Inc. by 315.6% in the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock valued at $124,623,000 after purchasing an additional 895,891 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of KKR & Co. Inc. by 317.0% during the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after buying an additional 704,091 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Price Performance

KKR stock opened at $157.58 on Tuesday. The company has a market capitalization of $139.97 billion, a P/E ratio of 47.90, a PEG ratio of 0.84 and a beta of 1.66. The company has a fifty day moving average price of $152.49 and a 200-day moving average price of $134.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a 52-week low of $80.89 and a 52-week high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.73 EPS. As a group, equities analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.44%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

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.