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

KKR & Co. Inc. (NYSE:KKR) had its target price cut by Keefe, Bruyette & Woods from $170.00 to $168.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other research analysts also recently commented on the company. Wells Fargo & Company boosted their target price on KKR & Co. Inc. from $152.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. JMP Securities upped their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 29th. 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. HSBC started coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Stock Up 4.8 %

Shares of NYSE KKR opened at $150.50 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $133.68 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.22 and a beta of 1.66. KKR & Co. Inc. has a 12 month low of $80.20 and a 12 month high of $163.68. The stock has a 50-day moving average price of $152.33 and a two-hundred day moving average price of $133.73.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during 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 in the previous year, the firm earned $0.73 earnings per share. As a group, analysts forecast that KKR & Co. Inc. will post 4.16 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Monday, November 4th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s payout ratio is presently 21.28%.

Institutional Trading of KKR & Co. Inc.

Several institutional investors have recently added to or reduced their stakes in KKR. Wealthcare Advisory Partners LLC raised its position in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock valued at $1,623,000 after buying an additional 73 shares during the last quarter. Dudley Capital Management LLC raised its position in KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock valued at $404,000 after buying an additional 80 shares during the last quarter. FWG Holdings LLC raised its position in KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock valued at $717,000 after buying an additional 80 shares during the last quarter. Sigma Planning Corp raised its position in KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after buying an additional 81 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC raised its position in KKR & Co. Inc. by 1.4% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 5,886 shares of the asset manager’s stock valued at $871,000 after buying an additional 81 shares during the last quarter. 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.