Barclays Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $169.00

KKR & Co. Inc. (NYSE:KKR) had its target price boosted by equities research analysts at Barclays from $154.00 to $169.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 23.67% from the stock’s current price.

KKR has been the topic of a number of other reports. BMO Capital Markets began coverage on KKR & Co. Inc. in a research note on Friday, October 3rd. They set an “outperform” rating and a $148.00 price objective on the stock. Morgan Stanley decreased their price target on KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. TD Cowen lowered their price target on shares of KKR & Co. Inc. from $153.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Weiss Ratings raised shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Finally, Citigroup decreased their target price on shares of KKR & Co. Inc. from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.79.

KKR & Co. Inc. Stock Down 4.3%

KKR opened at $136.66 on Friday. The company has a 50 day moving average of $122.56 and a 200 day moving average of $131.83. The company has a market cap of $121.81 billion, a PE ratio of 57.91, a price-to-earnings-growth ratio of 1.47 and a beta of 2.00. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.75.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Friday, November 7th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $2.14 billion. KKR & Co. Inc. had a net margin of 13.84% and a return on equity of 6.12%. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently made changes to their positions in KKR. Vanguard Group Inc. lifted its position in KKR & Co. Inc. by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 59,242,848 shares of the asset manager’s stock worth $7,698,608,000 after buying an additional 585,893 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of KKR & Co. Inc. by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 19,847,217 shares of the asset manager’s stock worth $2,640,275,000 after acquiring an additional 765,457 shares in the last quarter. Norges Bank purchased a new position in shares of KKR & Co. Inc. during the second quarter worth approximately $1,530,419,000. Lone Pine Capital LLC lifted its holdings in shares of KKR & Co. Inc. by 9.6% in the 2nd quarter. Lone Pine Capital LLC now owns 5,221,769 shares of the asset manager’s stock worth $694,652,000 after acquiring an additional 457,998 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of KKR & Co. Inc. by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 4,642,005 shares of the asset manager’s stock valued at $603,229,000 after purchasing an additional 65,695 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.