Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) Given Average Rating of “Moderate Buy” by Brokerages

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and twelve have assigned a 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 $71.97.

A number of research firms have recently weighed in on KKR. Wells Fargo & Company increased their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Oppenheimer cut their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $91.00 to $87.00 and set an “outperform” rating on the stock in a research note on Monday, October 9th. Keefe, Bruyette & Woods increased their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Piper Sandler increased their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $59.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th.

Kohlberg Kravis Roberts & Co. L.P. Trading Up 1.7 %

Shares of Kohlberg Kravis Roberts & Co. L.P. stock opened at $68.09 on Thursday. The firm has a market capitalization of $60.26 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.91 and a beta of 1.50. Kohlberg Kravis Roberts & Co. L.P. has a 12-month low of $45.03 and a 12-month high of $68.25. The firm’s 50 day simple moving average is $61.04 and its two-hundred day simple moving average is $58.34. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 0.75.

Kohlberg Kravis Roberts & Co. L.P. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 16th. Kohlberg Kravis Roberts & Co. L.P.’s payout ratio is 21.78%.

Hedge Funds Weigh In On Kohlberg Kravis Roberts & Co. L.P.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AE Wealth Management LLC raised its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 1.2% in the third quarter. AE Wealth Management LLC now owns 14,260 shares of the asset manager’s stock valued at $878,000 after buying an additional 168 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 23,425 shares of the asset manager’s stock valued at $1,312,000 after buying an additional 187 shares during the last quarter. CWM LLC raised its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 2.9% in the first quarter. CWM LLC now owns 6,971 shares of the asset manager’s stock valued at $366,000 after buying an additional 194 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 0.7% in the third quarter. Aaron Wealth Advisors LLC now owns 26,861 shares of the asset manager’s stock valued at $1,655,000 after buying an additional 198 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 0.5% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 37,920 shares of the asset manager’s stock valued at $1,760,000 after buying an additional 200 shares during the last quarter. 54.97% of the stock is owned by hedge funds and other institutional investors.

About Kohlberg Kravis Roberts & Co. L.P.

Kohlberg Kravis Roberts & Co L.P. 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.