KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $177.00 at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target raised by equities research analysts at The Goldman Sachs Group from $160.00 to $177.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the asset manager's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 15.87% from the company's previous close.

Other analysts also recently issued reports about the stock. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a "buy" rating in a report on Friday, October 25th. Citigroup increased their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a report on Friday, October 25th. Hsbc Global Res raised shares of KKR & Co. Inc. to a "strong-buy" rating in a report on Wednesday, September 18th. Finally, Redburn Atlantic began coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.14.

KKR & Co. Inc. Stock Performance

NYSE KKR traded up $0.31 during mid-day trading on Tuesday, reaching $152.76. 2,454,059 shares of the stock were exchanged, compared to its average volume of 4,255,754. The business's 50 day moving average is $136.84 and its 200-day moving average is $119.91. KKR & Co. Inc. has a 1 year low of $66.75 and a 1 year high of $156.54. The company has a market capitalization of $135.69 billion, a P/E ratio of 46.43, a P/E/G ratio of 1.20 and a beta of 1.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) 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. On average, equities research analysts forecast that KKR & Co. Inc. will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares of the company's stock, valued at $650,470,003.25. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. increased its stake in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager's stock valued at $31,000 after buying an additional 85 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Versant Capital Management Inc increased its position in KKR & Co. Inc. by 622.9% during the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager's stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Eastern Bank purchased a new position in KKR & Co. Inc. in the 3rd quarter worth approximately $34,000. Finally, Mather Group LLC. boosted its holdings in KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager's stock worth $27,000 after acquiring an additional 208 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

About KKR & Co. Inc.

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.