Analysts Set KKR & Co. Inc. (NYSE:KKR) Target Price at $158.21

Shares of KKR & Co. Inc. (NYSE:KKR) have been assigned an average rating of “Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Two 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 twelve-month target price among analysts that have issued a report on the stock in the last year is $160.07.

Several brokerages recently commented on KKR. Keefe, Bruyette & Woods lifted their target price on shares of KKR & Co. Inc. from $163.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. HSBC started coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective on the stock. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Evercore ISI boosted their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, JMP Securities increased their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KKR. &PARTNERS increased its stake in shares of KKR & Co. Inc. by 179.8% during the second quarter. &PARTNERS now owns 7,576 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 4,868 shares in the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of KKR & Co. Inc. by 2.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after buying an additional 99 shares during the last quarter. Retirement Systems of Alabama bought a new position in KKR & Co. Inc. during the 2nd quarter valued at approximately $15,451,000. Aries Wealth Management raised its stake in KKR & Co. Inc. by 5.8% during the second quarter. Aries Wealth Management now owns 9,484 shares of the asset manager’s stock valued at $998,000 after buying an additional 524 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in KKR & Co. Inc. by 0.7% in the second quarter. Calamos Advisors LLC now owns 125,665 shares of the asset manager’s stock worth $13,225,000 after acquiring an additional 927 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Stock Up 2.4 %

Shares of NYSE:KKR opened at $152.58 on Friday. The stock has a market capitalization of $135.53 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The stock’s 50-day moving average price is $149.39 and its 200-day moving average price is $129.08. 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 12-month low of $78.95 and a 12-month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the company earned $0.73 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 4.16 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm 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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio is presently 21.28%.

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.