KKR & Co. Inc. (NYSE:KKR) Reaches New 1-Year High – What’s Next?

Shares of KKR & Co. Inc. (NYSE:KKR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $163.87 and last traded at $163.94, with a volume of 161133 shares trading hands. The stock had previously closed at $161.51.

Wall Street Analyst Weigh In

KKR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Barclays upped their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Citigroup lifted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

KKR & Co. Inc. Trading Up 1.7 %

The firm has a market capitalization of $145.90 billion, a PE ratio of 49.87, a PEG ratio of 0.92 and a beta of 1.66. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $152.86 and its 200 day simple moving average is $135.56.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the prior year, the business posted $0.73 earnings per share. On average, sell-side analysts predict that KKR & Co. Inc. will post 4.13 earnings per share for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. during the fourth quarter worth $27,000. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the third quarter valued at $31,000. Raleigh Capital Management Inc. lifted its position in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $34,000. Finally, Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. in the third quarter valued at $40,000. 76.26% of the stock is currently owned by institutional investors.

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.