Keefe, Bruyette & Woods Cuts KKR & Co. Inc. (NYSE:KKR) Price Target to $168.00

KKR & Co. Inc. (NYSE:KKR) had its price target lowered by Keefe, Bruyette & Woods from $170.00 to $168.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the asset manager’s stock.

Several other brokerages also recently issued reports on KKR. Deutsche Bank Aktiengesellschaft raised their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC began coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target for the company. Morgan Stanley raised their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Oppenheimer increased their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Trading Up 4.8 %

Shares of KKR & Co. Inc. stock opened at $150.50 on Monday. The business has a fifty day simple moving average of $152.33 and a two-hundred day simple moving average of $133.73. KKR & Co. Inc. has a 1 year low of $80.20 and a 1 year high of $163.68. The company has a market capitalization of $133.68 billion, a price-to-earnings ratio of 45.74, a P/E/G ratio of 1.22 and a beta of 1.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last announced 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. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.73 EPS. Research analysts forecast that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors 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 0.47%. 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

A number of hedge funds have recently modified their holdings of KKR. ORG Wealth Partners LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth $31,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% in the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter worth $34,000. Truvestments Capital LLC bought a new position in shares of KKR & Co. Inc. in the third quarter worth $40,000. Finally, Bank of New Hampshire bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $45,000. 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.