KKR & Co Inc (NYSE:KKR) had its target price upped by research analysts at Wells Fargo & Co from $31.00 to $32.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Wells Fargo & Co‘s price objective suggests a potential upside of 17.65% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of KKR & Co Inc from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Credit Suisse Group downgraded shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a report on Tuesday, May 21st. Zacks Investment Research downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Barclays began coverage on shares of KKR & Co Inc in a report on Monday, August 5th. They issued an “equal weight” rating and a $29.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.23.
KKR opened at $27.20 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.92. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 7.87 and a beta of 1.66. The company’s 50 day moving average is $25.73 and its 200 day moving average is $24.51. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73.
KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $445.34 million. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, analysts predict that KKR & Co Inc will post 1.66 EPS for the current fiscal year.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the transaction, the general counsel now owns 73,528 shares of the company’s stock, valued at $1,925,698.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr purchased 2,647,100 shares of the stock in a transaction on Monday, July 1st. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $45,000,700.00. The disclosure for this purchase can be found here. 39.34% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Moneta Group Investment Advisors LLC purchased a new position in KKR & Co Inc during the second quarter valued at approximately $1,779,000. Griffin Asset Management Inc. bought a new stake in shares of KKR & Co Inc during the second quarter valued at approximately $26,000. Captrust Financial Advisors raised its position in shares of KKR & Co Inc by 53.3% during the second quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock valued at $35,000 after buying an additional 487 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of KKR & Co Inc during the second quarter valued at approximately $39,000. Finally, Westside Investment Management Inc. bought a new stake in shares of KKR & Co Inc during the second quarter valued at approximately $50,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.
KKR & Co Inc Company Profile
KKR & Co L.P. 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.
Further Reading: Hold Rating
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