KKR & Co. Inc. (NYSE:KKR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

KKR & Co. Inc. (NYSE:KKR) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $161.43.

KKR has been the topic of several recent research reports. TD Cowen boosted their price target on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lowered their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup upped their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, JMP Securities boosted their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Mather Group LLC. boosted its stake in KKR & Co. Inc. by 273.5% in the third quarter. Mather Group LLC. now owns 986 shares of the asset manager’s stock valued at $129,000 after acquiring an additional 722 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of KKR & Co. Inc. by 6.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,519 shares of the asset manager’s stock worth $982,000 after purchasing an additional 427 shares during the last quarter. Atomi Financial Group Inc. boosted its position in KKR & Co. Inc. by 28.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,582 shares of the asset manager’s stock valued at $598,000 after purchasing an additional 1,012 shares during the period. Wedmont Private Capital grew its stake in KKR & Co. Inc. by 264.1% during the 3rd quarter. Wedmont Private Capital now owns 10,909 shares of the asset manager’s stock worth $1,433,000 after buying an additional 7,913 shares during the last quarter. Finally, UMB Bank n.a. increased its position in KKR & Co. Inc. by 2,082.8% in the third quarter. UMB Bank n.a. now owns 53,194 shares of the asset manager’s stock worth $6,946,000 after buying an additional 50,757 shares during the period. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $140.73 on Friday. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The business has a 50-day moving average of $152.58 and a 200-day moving average of $140.13. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $125.00 billion, a price-to-earnings ratio of 42.26, a PEG ratio of 1.05 and a beta of 1.67.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, February 14th. This represents a $0.70 annualized dividend and a yield of 0.50%. KKR & Co. Inc.’s payout ratio is 21.02%.

KKR & Co. Inc. Company Profile

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.