KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $184.00 at TD Cowen

KKR & Co. Inc. (NYSE:KKR) had its price target increased by equities research analysts at TD Cowen from $166.00 to $184.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. TD Cowen’s price target suggests a potential upside of 31.78% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Redburn Atlantic initiated coverage on shares of KKR & Co. Inc. in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Hsbc Global Res raised KKR & Co. Inc. to a “strong-buy” rating in a research note on Wednesday, September 18th. Argus upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $128.00 to $148.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.29.

KKR & Co. Inc. Stock Performance

Shares of NYSE:KKR traded down $3.65 during trading on Friday, hitting $139.63. 1,538,038 shares of the stock were exchanged, compared to its average volume of 4,352,844. The company has a market capitalization of $123.91 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1-year low of $53.72 and a 1-year high of $147.15. The company’s fifty day simple moving average is $128.07 and its 200-day simple moving average is $113.73. 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. (NYSE:KKR) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.58 EPS. Sell-side analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current fiscal year.

Insider Activity at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of the firm’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 acquisition, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 39.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors have recently made changes to their positions in the stock. Adell Harriman & Carpenter Inc. raised its holdings in shares of KKR & Co. Inc. by 1.1% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 262,235 shares of the asset manager’s stock valued at $34,243,000 after acquiring an additional 2,743 shares in the last quarter. Childress Capital Advisors LLC grew its holdings in shares of KKR & Co. Inc. by 12.5% in the third quarter. Childress Capital Advisors LLC now owns 2,802 shares of the asset manager’s stock worth $366,000 after purchasing an additional 311 shares during the last quarter. abrdn plc increased its stake in shares of KKR & Co. Inc. by 12.6% in the third quarter. abrdn plc now owns 258,077 shares of the asset manager’s stock worth $33,652,000 after buying an additional 28,799 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of KKR & Co. Inc. by 18.0% in the third quarter. Nisa Investment Advisors LLC now owns 67,627 shares of the asset manager’s stock worth $8,831,000 after purchasing an additional 10,337 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of KKR & Co. Inc. during the 3rd quarter valued at about $214,000. 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.