KKR & Co. Inc. (NYSE:KKR) Sets New 52-Week High – Should You Buy?

KKR & Co. Inc. (NYSE:KKR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KKR shares. JMP Securities lifted their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 29th. Evercore ISI upped their target price on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. 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 report on Monday, November 11th. 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 report on Thursday, October 10th. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $159.07.

KKR & Co. Inc. Stock Performance

The stock has a market cap of $146.96 billion, a P/E ratio of 50.29, a PEG ratio of 0.93 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 stock has a 50-day simple moving average of $153.16 and a 200-day simple moving average of $135.77.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings results 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Research analysts forecast 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 stake in shares of KKR & Co. Inc. in the 4th quarter valued at $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at $31,000. Raleigh Capital Management Inc. boosted its holdings 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 worth $31,000 after purchasing an additional 85 shares during the last quarter. Finally, Eastern Bank purchased a new stake in KKR & Co. Inc. in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

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.