Brokerages Set KKR & Co. Inc. (NYSE:KKR) Target Price at $161.43

KKR & Co. Inc. (NYSE:KKR) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eleven 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 $161.43.

Several research firms have issued reports on KKR. Oppenheimer upped their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of KKR & Co. Inc. from $151.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Barclays dropped their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, November 19th.

KKR & Co. Inc. Stock Performance

NYSE KKR opened at $112.28 on Wednesday. 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 firm’s fifty day moving average price is $144.42 and its two-hundred day moving average price is $142.03. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40. The firm has a market capitalization of $99.73 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.72.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.62%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 21.02%.

Insider Activity at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. This represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $26,000. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the fourth quarter worth about $36,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.