KKR & Co. Inc. (NYSE:KKR) Price Target Lowered to $151.00 at Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR) had its price target decreased by Wells Fargo & Company from $163.00 to $151.00 in a research report report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the asset manager’s stock.

A number of other equities research analysts have also issued reports on KKR. StockNews.com upgraded shares of KKR & Co. Inc. to a “sell” rating in a research note on Friday, October 25th. Citigroup upped their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays lifted their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. TD Cowen upped their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price objective on shares of 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 given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Trading Up 1.6 %

NYSE:KKR opened at $143.48 on Tuesday. The stock has a market cap of $127.44 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a one year low of $80.20 and a one year high of $163.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The business’s 50-day simple moving average is $152.37 and its 200 day simple moving average is $133.61.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.73 EPS. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is currently 21.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in KKR & Co. Inc. by 2.4% in the second quarter. American Century Companies Inc. now owns 105,080 shares of the asset manager’s stock worth $11,059,000 after purchasing an additional 2,440 shares during the period. Parallel Advisors LLC raised its position in shares of KKR & Co. Inc. by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 7,912 shares of the asset manager’s stock worth $833,000 after buying an additional 249 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $1,183,000. Envestnet Asset Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,136,627 shares of the asset manager’s stock valued at $119,619,000 after acquiring an additional 74,892 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of KKR & Co. Inc. by 30.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,553,317 shares of the asset manager’s stock valued at $163,487,000 after acquiring an additional 364,141 shares during the period. Institutional investors own 76.26% of the company’s stock.

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.