KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $169.00

KKR & Co. Inc. (NYSE:KKR) had its price target upped by Barclays from $154.00 to $169.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the asset manager’s stock.

KKR has been the topic of a number of other research reports. Oppenheimer dropped their target price 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. BMO Capital Markets initiated coverage on shares of KKR & Co. Inc. in a research report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 price target for the company. Citigroup dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. TD Cowen lowered their target price on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings raised KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.79.

KKR & Co. Inc. Trading Down 4.3%

KKR opened at $136.66 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.09 and a quick 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’s 50 day moving average price is $122.56 and its two-hundred day moving average price is $131.91. The firm has a market capitalization of $121.81 billion, a price-to-earnings ratio of 57.91, a PEG ratio of 1.47 and a beta of 1.99.

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

KKR & Co. Inc. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. KKR & Co. Inc.’s payout ratio is presently 31.36%.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after buying an additional 2,437 shares in the last quarter. Bison Wealth LLC bought a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $218,000. E Fund Management Co. Ltd. grew its holdings in shares of KKR & Co. Inc. by 12.0% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,871 shares of the asset manager’s stock worth $216,000 after acquiring an additional 200 shares during the period. Vestmark Advisory Solutions Inc. raised its position in shares of KKR & Co. Inc. by 61.9% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 12,905 shares of the asset manager’s stock worth $1,492,000 after acquiring an additional 4,936 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of KKR & Co. Inc. by 53.6% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 47,023 shares of the asset manager’s stock valued at $5,436,000 after purchasing an additional 16,401 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.