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

KKR & Co. Inc. (NYSE:KKR) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $156.3077.

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. TD Cowen dropped their price objective on KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Citigroup cut their target price on KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. BMO Capital Markets initiated coverage on KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target on the stock. Finally, 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 note on Tuesday, October 14th.

KKR & Co. Inc. Trading Up 4.3%

Shares of NYSE:KKR opened at $135.88 on Friday. The stock has a 50 day moving average of $121.73 and a 200 day moving average of $131.48. The company has a market cap of $121.12 billion, a PE ratio of 57.58, a price-to-earnings-growth ratio of 1.40 and a beta of 2.00. KKR & Co. Inc. has a 12-month low of $86.15 and a 12-month high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

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

KKR & Co. Inc. Announces Dividend

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

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after buying an additional 2,437 shares during the last quarter. Bison Wealth LLC bought a new position in shares of KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. Blair William & Co. IL grew its holdings in shares of KKR & Co. Inc. by 10.5% in the first quarter. Blair William & Co. IL now owns 31,085 shares of the asset manager’s stock valued at $3,594,000 after purchasing an additional 2,953 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of KKR & Co. Inc. by 98.5% in the first quarter. Commonwealth Equity Services LLC now owns 191,540 shares of the asset manager’s stock valued at $22,144,000 after purchasing an additional 95,024 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in KKR & Co. Inc. by 12.2% in the first quarter. Wealthspire Advisors LLC now owns 3,257 shares of the asset manager’s stock worth $377,000 after purchasing an additional 355 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 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.