KKR & Co. Inc. (NYSE:KKR) Price Target Cut to $151.00 by Analysts at Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR - Free Report) had its target price lowered by Wells Fargo & Company from $163.00 to $151.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the asset manager's stock.

Several other equities research analysts also recently weighed in on KKR. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. HSBC assumed coverage on shares of KKR & Co. Inc. in a research note 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 research note on Monday. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, JMP Securities boosted their price objective on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.07.

KKR & Co. Inc. Trading Up 1.6 %

KKR traded up $2.23 during trading on Tuesday, hitting $143.48. 3,942,450 shares of the company's stock were exchanged, compared to its average volume of 3,219,973. 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. has a 1 year low of $80.20 and a 1 year high of $163.68. The stock has a 50 day moving average price of $152.37 and a 200 day moving average price of $133.61. The firm has a market cap of $127.44 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results 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. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business 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 business posted $0.73 EPS. As a group, analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Announces Dividend

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

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in KKR. American Century Companies Inc. increased its stake in KKR & Co. Inc. by 2.4% during the second quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager's stock valued at $11,059,000 after purchasing an additional 2,440 shares during the last quarter. Parallel Advisors LLC grew its position in shares of KKR & Co. Inc. by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 7,912 shares of the asset manager's stock valued at $833,000 after buying an additional 249 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in KKR & Co. Inc. during the second quarter worth about $1,183,000. Envestnet Asset Management Inc. lifted its holdings in KKR & Co. Inc. by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,136,627 shares of the asset manager's stock worth $119,619,000 after acquiring an additional 74,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in KKR & Co. Inc. by 30.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager's stock valued at $163,487,000 after acquiring an additional 364,141 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

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.