KKR & Co. Inc. (NYSE:KKR) PT Raised to $152.00

KKR & Co. Inc. (NYSE:KKR) had its price target raised by equities research analysts at Wells Fargo & Company from $139.00 to $152.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 6.13% from the stock’s previous close.

KKR has been the topic of several other research reports. Citigroup boosted their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Monday, October 7th. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.36.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $143.22 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50 day simple moving average of $128.07 and a 200-day simple moving average of $113.73. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $147.15. The stock has a market capitalization of $127.09 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. Equities analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the 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 transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at $650,470,003.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in the business. GQG Partners LLC acquired a new stake in KKR & Co. Inc. in the 1st quarter valued at $217,004,000. Canada Pension Plan Investment Board boosted its holdings in KKR & Co. Inc. by 198.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock worth $337,543,000 after acquiring an additional 2,133,290 shares during the period. Bank of New York Mellon Corp grew its position in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after acquiring an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of KKR & Co. Inc. during the second quarter valued at approximately $154,468,000. Finally, Capital World Investors boosted its stake in shares of KKR & Co. Inc. by 7.4% in the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock valued at $1,674,144,000 after purchasing an additional 1,139,784 shares during the period. Hedge funds and other institutional investors 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.