KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target lifted by investment analysts at Wells Fargo & Company from $152.00 to $163.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's target price would suggest a potential upside of 4.65% from the company's current price.
Other research analysts have also issued research reports about the company. JMP Securities raised their price objective on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a research report on Tuesday, October 29th. Hsbc Global Res upgraded KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. TD Cowen lifted their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Oppenheimer increased their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Citigroup boosted their price target on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.21.
View Our Latest Research Report on KKR
KKR & Co. Inc. Stock Performance
Shares of NYSE:KKR traded down $1.64 during mid-day trading on Thursday, reaching $155.75. 2,433,970 shares of the company traded hands, compared to its average volume of 4,223,460. The company's 50 day moving average price is $147.22 and its 200-day moving average price is $126.49. The firm has a market cap of $138.34 billion, a PE ratio of 47.34, a PEG ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 52 week low of $77.02 and a 52 week high of $163.68. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07.
KKR & Co. Inc. (NYSE:KKR - Get Free Report) 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, equities analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current fiscal year.
Insider Buying and Selling at KKR & Co. Inc.
In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 18.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 39.34% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On KKR & Co. Inc.
A number of institutional investors have recently modified their holdings of KKR. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at $31,000. Raleigh Capital Management Inc. increased its position in KKR & Co. Inc. by 56.7% during the 3rd 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 period. Eastern Bank bought a new stake in shares of KKR & Co. Inc. in the 3rd quarter valued at about $34,000. American National Bank raised its holdings in shares of KKR & Co. Inc. by 202.6% in the 2nd quarter. American National Bank now owns 351 shares of the asset manager's stock valued at $37,000 after purchasing an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $38,000. 76.26% of the stock is owned by hedge funds and other institutional investors.
About KKR & Co. Inc.
(
Get Free Report)
KKR & Co Inc 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.
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