KKR & Co. Inc. (NYSE:KKR) Sets New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised 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. 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 report on Monday, October 14th. Wells Fargo & Company cut their price target on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Stock Performance

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

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that KKR & Co. Inc. will post 4.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KKR. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the fourth quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. grew 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 acquiring an additional 85 shares during the last quarter. Eastern Bank bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $34,000. Finally, Truvestments Capital LLC purchased a new stake in shares of KKR & Co. Inc. during the third quarter valued at approximately $40,000. 76.26% of the stock is currently owned by institutional investors.

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.