KKR & Co. Inc. (NYSE:KKR) Reaches New 52-Week High – Time to Buy?

Shares of KKR & Co. Inc. (NYSE:KKR) hit a new 52-week high on Thursday . The stock 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 Analysts Forecast Growth

Several brokerages have commented on KKR. Evercore ISI boosted their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. JMP Securities lifted their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 29th. Finally, Morgan Stanley upped their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $159.07.

KKR & Co. Inc. Stock Up 0.1 %

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 has a market cap of $146.96 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 0.93 and a beta of 1.66. The firm has a 50-day moving average of $153.16 and a two-hundred day moving average of $135.77.

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

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in KKR. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. increased its holdings in shares of KKR & Co. Inc. by 56.7% in 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 in the last quarter. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the 3rd quarter worth $31,000. Finally, Eastern Bank bought a new position in KKR & Co. Inc. in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.