KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $163.00

KKR & Co. Inc. (NYSE:KKR) had its price target hoisted by Wells Fargo & Company from $152.00 to $163.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the asset manager’s stock.

KKR has been the subject of a number of other reports. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup boosted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Redburn Atlantic assumed coverage on KKR & Co. Inc. in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and an average target price of $158.21.

KKR & Co. Inc. Stock Down 0.9 %

Shares of KKR opened at $154.34 on Thursday. The company has a market capitalization of $137.09 billion, a P/E ratio of 46.91, a PEG ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a one year low of $78.95 and a one year high of $163.68. The business’s 50 day simple moving average is $147.64 and its 200-day simple moving average is $126.82. 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. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a $0.175 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.70 annualized dividend and a yield of 0.45%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.28%.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Eastern Bank acquired a new position in shares of KKR & Co. Inc. in the 3rd quarter valued at approximately $34,000. Truvestments Capital LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Finally, American National Bank raised its holdings in KKR & Co. Inc. by 202.6% during the 2nd quarter. American National Bank now owns 351 shares of the asset manager’s stock worth $37,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.