Oppenheimer Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target boosted by equities researchers at Oppenheimer from $153.00 to $175.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the asset manager's stock. Oppenheimer's price target suggests a potential upside of 12.36% from the stock's previous close.

A number of other analysts have also weighed in on KKR. Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target for the company. Wells Fargo & Company upped their target price on KKR & Co. Inc. from $139.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on KKR & Co. Inc. from $107.00 to $143.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. StockNews.com raised KKR & Co. Inc. to a "sell" rating in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the company a "buy" rating in a research note on Monday, November 11th. One research 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.21.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock traded down $1.64 during trading on Thursday, hitting $155.75. 2,433,970 shares of the stock were exchanged, compared to its average volume of 4,223,460. 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. has a 12 month low of $77.02 and a 12 month high of $163.68. The stock's fifty day moving average is $147.22 and its 200 day moving average is $126.49. The stock has a market cap of $138.34 billion, a PE ratio of 47.34, a P/E/G ratio of 1.25 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. As a group, sell-side analysts anticipate that KKR & Co. Inc. will post 4.16 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in KKR & Co. Inc. during the third quarter worth $31,000. Raleigh Capital Management Inc. grew 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 valued at $31,000 after purchasing an additional 85 shares during the last quarter. Eastern Bank bought a new position in shares of KKR & Co. Inc. in the third quarter valued at approximately $34,000. American National Bank lifted its stake in shares of KKR & Co. Inc. by 202.6% in the second quarter. American National Bank now owns 351 shares of the asset manager's stock worth $37,000 after buying an additional 235 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth $38,000. 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.