KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $156.00 by Analysts at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR) had its target price cut by Morgan Stanley from $157.00 to $156.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other research firms have also recently commented on KKR. Citigroup increased their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.43.

KKR & Co. Inc. Trading Down 1.5 %

NYSE:KKR opened at $151.51 on Thursday. The firm has a market capitalization of $134.57 billion, a P/E ratio of 46.05, a PEG ratio of 0.96 and a beta of 1.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a one year low of $91.92 and a one year high of $170.40. The company’s 50-day simple moving average is $154.30 and its 200 day simple moving average is $139.14.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in shares of KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock valued at $232,669,000 after buying an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $218,918,000. Roberts Foundation purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter worth about $147,910,000. Assenagon Asset Management S.A. grew its position in shares of KKR & Co. Inc. by 3,757.3% during the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after purchasing an additional 538,573 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in KKR & Co. Inc. by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock valued at $156,199,000 after purchasing an additional 503,365 shares during the period. 76.26% of the stock is currently owned by institutional investors.

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.