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

KKR & Co. Inc. (NYSE:KKR) has been given a consensus recommendation of “Buy” by the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $160.07.

KKR has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI upped their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Barclays boosted their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 20th.

Hedge Funds Weigh In On KKR & Co. Inc.

Several large investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at about $31,000. Raleigh Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares during the last quarter. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at approximately $34,000. Farmers & Merchants Investments Inc. bought a new position in KKR & Co. Inc. during the second quarter worth $38,000. Finally, Y.D. More Investments Ltd acquired a new position in KKR & Co. Inc. in the second quarter worth $38,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $152.52 on Friday. The company has a market cap of $135.47 billion, a price-to-earnings ratio of 46.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.63. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50-day moving average is $150.36 and its 200-day moving average is $129.79.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

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.