KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $139.00

KKR & Co. Inc. (NYSE:KKR) had its target price upped by investment analysts at Wells Fargo & Company from $130.00 to $139.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price points to a potential upside of 3.62% from the stock’s current price.

KKR has been the topic of a number of other research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $144.00 target price (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their price objective on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Argus upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, HSBC initiated coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus price target of $136.64.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded up $2.79 during midday trading on Wednesday, reaching $134.14. 944,472 shares of the company’s stock traded hands, compared to its average volume of 4,437,347. The company has a market cap of $119.04 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $134.85. The stock has a 50 day moving average of $122.44 and a 200 day moving average of $110.74.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $0.58 earnings per share. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 3.99 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the completion of the transaction, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in KKR & Co. Inc. in the first quarter worth about $27,000. Versant Capital Management Inc grew its position in KKR & Co. Inc. by 622.9% in the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after acquiring an additional 218 shares in the last quarter. Mather Group LLC. grew its position in KKR & Co. Inc. by 371.4% in the second quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. American National Bank grew its position in 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 acquiring an additional 235 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of KKR & Co. Inc. during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.