Brokerages Set KKR & Co. Inc. (NYSE:KKR) Target Price at $134.53

Shares of KKR & Co. Inc. (NYSE:KKR) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $134.5333.

Several equities analysts recently commented on the stock. Oppenheimer dropped their price objective on shares of KKR & Co. Inc. from $187.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. BMO Capital Markets dropped their price objective on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group dropped their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, UBS Group raised their price target on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in KKR & Co. Inc. by 0.5% during the first quarter. Pacer Advisors Inc. now owns 54,289 shares of the asset manager’s stock worth $5,022,000 after buying an additional 261 shares during the last quarter. Rathbones Group PLC raised its stake in KKR & Co. Inc. by 20.7% during the first quarter. Rathbones Group PLC now owns 1,810,812 shares of the asset manager’s stock worth $167,500,000 after buying an additional 310,265 shares during the last quarter. Farmers National Bank bought a new position in KKR & Co. Inc. during the first quarter worth $233,000. Axiom Investment Management LLC bought a new position in KKR & Co. Inc. during the first quarter worth $555,000. Finally, Essential Partners LLC raised its stake in KKR & Co. Inc. by 3,440.0% during the first quarter. Essential Partners LLC now owns 1,062 shares of the asset manager’s stock worth $98,000 after buying an additional 1,032 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $89.03 on Tuesday. The company has a market cap of $79.94 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 0.78 and a beta of 1.80. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a 50 day simple moving average of $97.16 and a 200 day simple moving average of $105.00. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $153.87.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Friday, February 27th. The asset manager reported $1.24 EPS for the quarter. The business had revenue of $5.74 billion during the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. Research analysts predict that KKR & Co. Inc. will post 5.53 earnings per share for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.195 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.19. This represents a $0.78 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. KKR & Co. Inc.’s payout ratio is 26.53%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.