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

KKR & Co. Inc. (NYSE:KKR) had its target price raised by Keefe, Bruyette & Woods from $163.00 to $170.00 in a research report report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the asset manager’s stock.

KKR has been the subject of several other reports. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. HSBC began coverage on shares of KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price target on the stock. Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group upped their target price on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and an average price target of $160.07.

KKR & Co. Inc. Trading Up 2.8 %

Shares of NYSE:KKR opened at $147.58 on Friday. The firm has a market cap of $131.08 billion, a price-to-earnings ratio of 44.86, a PEG ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12 month low of $78.95 and a 12 month high of $163.68. The company’s fifty day simple moving average is $149.14 and its 200 day simple moving average is $128.37. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.73 EPS. As a group, research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Institutional Trading of KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its holdings in shares of KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $31,000. Eastern Bank bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Truvestments Capital LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $40,000. Finally, Y.D. More Investments Ltd bought a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $38,000. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

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.