Brokerages Set KKR & Co. Inc. (NYSE:KKR) Target Price at $64.83

KKR & Co. Inc. (NYSE:KKR) has received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $65.29.

A number of analysts recently commented on KKR shares. Zacks Investment Research upgraded shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday. Morgan Stanley lifted their target price on shares of KKR & Co. Inc. from $64.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Credit Suisse Group lifted their target price on shares of KKR & Co. Inc. from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 5th. Citigroup lifted their target price on shares of KKR & Co. Inc. from $69.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of KKR & Co. Inc. from $52.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, May 5th.

In other KKR & Co. Inc. news, General Counsel David Sorkin sold 12,546 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $58.50, for a total transaction of $733,941.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of KKR & Co. Inc. by 5.6% during the 1st quarter. BlackRock Inc. now owns 34,043,159 shares of the asset manager’s stock valued at $1,663,008,000 after purchasing an additional 1,819,079 shares in the last quarter. Capital International Investors increased its holdings in KKR & Co. Inc. by 11.4% in the 1st quarter. Capital International Investors now owns 25,256,470 shares of the asset manager’s stock worth $1,233,779,000 after acquiring an additional 2,574,446 shares in the last quarter. Principal Financial Group Inc. boosted its stake in KKR & Co. Inc. by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 23,926,739 shares of the asset manager’s stock worth $968,793,000 after purchasing an additional 819,173 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in KKR & Co. Inc. by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,445,849 shares of the asset manager’s stock worth $787,362,000 after purchasing an additional 1,307,316 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in KKR & Co. Inc. by 4.5% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 12,573,402 shares of the asset manager’s stock worth $614,211,000 after purchasing an additional 537,220 shares during the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

KKR opened at $59.38 on Monday. The company has a market cap of $34.55 billion, a price-to-earnings ratio of 27.75 and a beta of 1.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.81. KKR & Co. Inc. has a 12 month low of $32.72 and a 12 month high of $61.47. The stock has a fifty day moving average of $57.30.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Tuesday, May 4th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.13. The company had revenue of $493.31 million for the quarter, compared to analyst estimates of $609.55 million. KKR & Co. Inc. had a return on equity of 4.35% and a net margin of 58.79%. During the same period in the prior year, the company posted $0.42 EPS. On average, research analysts forecast that KKR & Co. Inc. will post 2.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.98%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 14th. KKR & Co. Inc.’s payout ratio is presently 32.58%.

About KKR & Co. Inc.

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.

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