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

Shares of KKR & Co. Inc. (NYSE:KKR) have been given an average recommendation of “Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $158.21.

Several equities analysts have weighed in on KKR shares. JMP Securities lifted their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective 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. Evercore ISI increased their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th.

KKR & Co. Inc. Trading Up 0.4 %

KKR & Co. Inc. stock opened at $143.53 on Friday. 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 business’s fifty day moving average is $148.90 and its 200 day moving average is $128.06. KKR & Co. Inc. has a one year low of $78.95 and a one year high of $163.68. The stock has a market capitalization of $127.49 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last released 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. The firm 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 in the prior year, the firm earned $0.73 EPS. On average, sell-side analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.49%. KKR & Co. Inc.’s payout ratio is 21.28%.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. raised its position in shares of 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 buying an additional 85 shares during the period. Eastern Bank purchased a new position in shares of KKR & Co. Inc. during the 3rd quarter worth $34,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $38,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of KKR & Co. Inc. during the second quarter worth $38,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.