KKR & Co. Inc. (NYSE:KKR) Given Consensus Rating of “Moderate Buy” by Analysts

KKR & Co. Inc. (NYSE:KKR) has been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $156.3077.

KKR has been the topic of several recent research reports. Morgan Stanley cut their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Oppenheimer cut their price objective on shares of KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. BMO Capital Markets assumed coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 target price on the stock. Finally, Barclays boosted their price target on KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of KKR & Co. Inc. in the 2nd quarter worth $1,530,419,000. Nuveen LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $844,137,000. Strive Asset Management LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $535,907,000. Viking Global Investors LP acquired a new stake in KKR & Co. Inc. in the third quarter valued at approximately $352,038,000. Finally, Amundi boosted its stake in KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock valued at $528,989,000 after acquiring an additional 2,439,505 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $128.29 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The company has a market capitalization of $114.35 billion, a P/E ratio of 54.36, a PEG ratio of 1.36 and a beta of 2.00. The stock has a 50 day moving average price of $121.78 and a two-hundred day moving average price of $131.09.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company posted $1.38 EPS. Analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 annualized dividend and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is presently 31.36%.

About KKR & Co. Inc.

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.