KKR & Co. Inc. (KKR) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for KKR & Co. Inc. (NYSE: KKR):

• 12/20/2024 – KKR & Co. Inc. had its price target raised by analysts at Keefe, Bruyette & Woods from $163.00 to $170.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – KKR & Co. Inc. had its price target raised by analysts at Oppenheimer Holdings Inc. from $153.00 to $175.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – KKR & Co. Inc. had its price target raised by analysts at Wells Fargo & Company from $152.00 to $163.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – KKR & Co. Inc. had its price target raised by analysts at Barclays PLC from $166.00 to $185.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – KKR & Co. Inc. had its price target raised by analysts at The Goldman Sachs Group, Inc. from $160.00 to $177.00. They now have a “buy” rating on the stock.
• 11/11/2024 – KKR & Co. Inc. had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $158.00 to $159.00. They now have a “buy” rating on the stock.
• 10/29/2024 – KKR & Co. Inc. had its price target raised by analysts at JMP Securities from $150.00 to $155.00. They now have a “market outperform” rating on the stock.

KKR & Co. Inc. Stock Up 2.4 %

Shares of KKR stock traded up $3.64 on Wednesday, hitting $152.58. The company’s stock had a trading volume of 1,232,909 shares, compared to its average volume of 4,208,238. KKR & Co. Inc. has a fifty-two week low of $78.95 and a fifty-two week high of $163.68. The firm’s fifty day moving average price is $149.39 and its 200-day moving average price is $129.08. The stock has a market capitalization of $135.53 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 1.25 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Research analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Monday, November 4th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, November 4th. KKR & Co. Inc.’s payout ratio is 21.28%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board lifted its holdings in KKR & Co. Inc. by 198.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares during the last quarter. APG Asset Management N.V. bought a new stake in shares of KKR & Co. Inc. during the second quarter worth approximately $154,468,000. Massachusetts Financial Services Co. MA raised its position in shares of KKR & Co. Inc. by 6.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,684,133 shares of the asset manager’s stock valued at $1,755,838,000 after acquiring an additional 996,871 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of KKR & Co. Inc. by 315.6% during the second quarter. Hsbc Holdings PLC now owns 1,179,728 shares of the asset manager’s stock worth $124,623,000 after purchasing an additional 895,891 shares during the period. Finally, Ensign Peak Advisors Inc increased its holdings in KKR & Co. Inc. by 317.0% in the second quarter. Ensign Peak Advisors Inc now owns 926,208 shares of the asset manager’s stock valued at $97,474,000 after purchasing an additional 704,091 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.