KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $143.00

KKR & Co. Inc. (NYSE:KKR) had its target price raised by Morgan Stanley from $107.00 to $143.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target points to a potential upside of 5.80% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of KKR & Co. Inc. from $137.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday. HSBC began coverage on KKR & Co. Inc. in a research note on Wednesday, September 18th. They set a “buy” rating and a $148.00 price target on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. Finally, JMP Securities increased their target price on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $0.21 during trading hours on Thursday, reaching $135.16. 1,257,490 shares of the company traded hands, compared to its average volume of 4,430,916. 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 firm’s 50-day moving average is $122.66 and its 200-day moving average is $110.91. The stock has a market cap of $119.94 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.11 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $135.25.

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

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the acquisition, the insider now owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $149,350,000.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now owns 92,959,984 shares of the company’s stock, valued at approximately $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 Investors Weigh In On KKR & Co. Inc.

Large investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at about $356,000. Bain Capital Public Equity LP acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at approximately $4,407,000. Bain Capital Public Equity Management II LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $68,286,000. Grayhawk Investment Strategies Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $926,000. Finally, Grand Jean Capital Management Inc. boosted its stake in shares of KKR & Co. Inc. by 2.3% during the 4th quarter. Grand Jean Capital Management Inc. now owns 54,526 shares of the asset manager’s stock valued at $4,517,000 after buying an additional 1,200 shares during the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.