Keefe, Bruyette & Woods Issues Positive Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR) had its price objective upped by Keefe, Bruyette & Woods from $163.00 to $170.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

KKR has been the topic of a number of other research reports. Citigroup lifted their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays increased their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley boosted 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 note on Thursday, October 10th. The Goldman Sachs Group increased their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.07.

KKR & Co. Inc. Price Performance

KKR stock opened at $147.58 on Friday. The company’s 50-day moving average price is $149.14 and its two-hundred day moving average price is $128.37. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm has a market cap of $131.08 billion, a P/E ratio of 44.86, a P/E/G ratio of 1.25 and a beta of 1.63.

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

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.47%. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Institutional Trading of KKR & Co. Inc.

Large investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. boosted 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 purchasing an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $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.