Analysts Set KKR & Co. Inc. (NYSE:KKR) Target Price at $156.31

KKR & Co. Inc. (NYSE:KKR) has received an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $156.3077.

A number of research analysts recently issued reports on the company. Morgan Stanley cut their price objective on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. TD Cowen lowered their price target 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. Barclays increased their price objective on shares of KKR & Co. Inc. from $151.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Citigroup decreased 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 report on Monday, October 13th. Finally, BMO Capital Markets began coverage on shares of KKR & Co. Inc. in a report on Friday, October 3rd. They issued an “outperform” rating and a $148.00 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KKR. Norges Bank bought a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $1,530,419,000. Nuveen LLC purchased a new position in KKR & Co. Inc. during the first quarter valued at $844,137,000. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. during the third quarter valued at $535,907,000. Viking Global Investors LP bought a new stake in KKR & Co. Inc. in the 3rd quarter valued at $352,038,000. Finally, Amundi lifted its stake in KKR & Co. Inc. by 114.2% in the 1st quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after purchasing an additional 2,439,505 shares in the last quarter. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Trading Up 0.8%

NYSE:KKR opened at $129.44 on Friday. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The business has a fifty day moving average price of $121.70 and a 200-day moving average price of $131.26. The firm has a market capitalization of $115.38 billion, a price-to-earnings ratio of 54.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.99. 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. (NYSE:KKR) last released its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $2.14 billion. KKR & Co. Inc. had a return on equity of 6.12% and a net margin of 13.84%.During the same period in the previous year, the business earned $1.38 earnings per share. Sell-side analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.6%. KKR & Co. Inc.’s dividend payout ratio is 31.36%.

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.