KKR & Co. Inc. (NYSE:KKR) Stock Rating Upgraded by Wells Fargo & Company

KKR & Co. Inc. (NYSE:KKR) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $141.00 price target on the asset manager’s stock, down from their previous price target of $150.00. Wells Fargo & Company‘s price target points to a potential upside of 20.99% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Barclays cut their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer boosted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Morgan Stanley cut their price objective on KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

KKR & Co. Inc. Stock Down 0.1 %

Shares of NYSE:KKR opened at $116.54 on Thursday. The stock has a market cap of $103.52 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $91.92 and a 12-month high of $170.40. The business’s 50 day moving average is $139.07 and its 200 day moving average is $141.31.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.34% of the company’s stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently bought and sold shares of KKR. Pathstone Holdings LLC lifted its holdings in KKR & Co. Inc. by 12.4% in the 3rd quarter. Pathstone Holdings LLC now owns 62,125 shares of the asset manager’s stock worth $8,112,000 after buying an additional 6,873 shares during the period. Caprock Group LLC lifted its holdings in KKR & Co. Inc. by 76.6% in the 3rd quarter. Caprock Group LLC now owns 6,112 shares of the asset manager’s stock worth $798,000 after buying an additional 2,651 shares during the period. Banque Cantonale Vaudoise purchased a new stake in KKR & Co. Inc. in the 3rd quarter worth approximately $100,000. PNC Financial Services Group Inc. lifted its holdings in KKR & Co. Inc. by 11.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 203,294 shares of the asset manager’s stock worth $26,546,000 after buying an additional 21,648 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in KKR & Co. Inc. by 85.7% in the 3rd quarter. Avior Wealth Management LLC now owns 7,613 shares of the asset manager’s stock worth $994,000 after buying an additional 3,514 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 operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.