Brokerages Set KKR & Co. Inc. (NYSE:KKR) Target Price at $127.75

Shares of KKR & Co. Inc. (NYSE:KKR) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $127.75.

KKR has been the topic of several research analyst reports. Barclays lifted their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. TD Cowen raised their price target on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, UBS Group boosted their price objective on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th.

KKR & Co. Inc. Trading Down 1.5%

Shares of KKR opened at $107.21 on Wednesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $96.24 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.78. The stock’s fifty day simple moving average is $99.30 and its 200 day simple moving average is $97.63. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, equities research analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the asset manager to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Monday, August 10th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 10th. KKR & Co. Inc.’s dividend payout ratio is 24.84%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KKR. Rakuten Investment Management Inc. lifted its stake in shares of KKR & Co. Inc. by 10.6% during the second quarter. Rakuten Investment Management Inc. now owns 109,209 shares of the asset manager’s stock worth $9,713,000 after purchasing an additional 10,457 shares in the last quarter. Glenview Trust Co acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $475,000. United Capital Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. by 0.7% in the second quarter. United Capital Financial Advisors LLC now owns 243,165 shares of the asset manager’s stock valued at $22,318,000 after buying an additional 1,687 shares in the last quarter. Equitable Holdings Inc. raised its holdings in shares of KKR & Co. Inc. by 17.4% during the 2nd quarter. Equitable Holdings Inc. now owns 23,246 shares of the asset manager’s stock valued at $2,134,000 after buying an additional 3,452 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of KKR & Co. Inc. during the 2nd quarter valued at about $1,873,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.