Wells Fargo & Company Upgrades KKR & Co. Inc. (NYSE:KKR) to Overweight

KKR & Co. Inc. (NYSE:KKR) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently 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 target price points to a potential upside of 20.84% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Barclays reduced their price target on shares of KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Oppenheimer increased their price target on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price target on shares of KKR & Co. Inc. from $157.00 to $156.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Finally, Hsbc Global Res downgraded shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and an average price target of $160.79.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $116.68 on Thursday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $140.18 and a 200 day simple moving average of $141.53. The company has a market cap of $103.64 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.00 and a beta of 1.72. KKR & Co. Inc. has a 1 year low of $91.92 and a 1 year high of $170.40.

Insider Activity

In related news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. This trade represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 39.34% of the stock is currently owned by company insiders.

Institutional Trading of KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $26,000. Hanson & Doremus Investment Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $36,000. Institutional investors and hedge funds 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.