Barclays Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $181.00

KKR & Co. Inc. (NYSE:KKR) had its price objective decreased by Barclays from $185.00 to $181.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the asset manager’s stock.

Other equities research analysts also recently issued research reports about the company. Evercore ISI raised 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. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 30th. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $161.43.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $148.65 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $132.03 billion, a PE ratio of 45.18, a P/E/G ratio of 0.96 and a beta of 1.67. The business has a 50-day simple moving average of $154.13 and a two-hundred day simple moving average of $139.22. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $170.40.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. grew its holdings in KKR & Co. Inc. by 56.7% in the third 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 stake in KKR & Co. Inc. in the third quarter valued at approximately $31,000. Finally, Eastern Bank acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.