KKR & Co. Inc. (NYSE:KKR) Receives $159.93 Average Target Price from Brokerages

Shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) have received an average rating of "Buy" from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $159.07.

A number of equities research analysts have recently issued reports on the company. Barclays boosted their target price 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. HSBC assumed coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a "buy" rating and a $148.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a report on Monday. The Goldman Sachs Group boosted their price target 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. Finally, Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a research note on Wednesday, September 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KKR. Raleigh Capital Management Inc. boosted its stake in KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after purchasing an additional 85 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the third quarter worth approximately $31,000. Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the third quarter valued at approximately $34,000. Bank of New Hampshire bought a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $45,000. Finally, Truvestments Capital LLC acquired a new stake in KKR & Co. Inc. during the third quarter worth about $40,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Price Performance

KKR stock traded up $2.23 during trading hours on Tuesday, hitting $143.48. 3,934,217 shares of the stock traded hands, compared to its average volume of 3,218,938. The stock has a 50-day simple moving average of $152.28 and a 200 day simple moving average of $133.34. The company has a market cap of $127.44 billion, a P/E ratio of 43.61, a P/E/G ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

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

KKR & Co. Inc. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a $0.175 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.'s dividend payout ratio is currently 21.28%.

About KKR & Co. Inc.

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.