Barclays Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its price objective upped by analysts at Barclays from $151.00 to $154.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective points to a potential upside of 25.29% from the company’s previous close.

A number of other research firms also recently commented on KKR. Oppenheimer reduced their target price on KKR & Co. Inc. from $166.00 to $164.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. Wall Street Zen raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings upgraded shares of KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods upped their target price on shares of KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.79.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $122.91 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $128.90 and its two-hundred day moving average is $131.08. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The firm has a market capitalization of $109.56 billion, a PE ratio of 57.17, a P/E/G ratio of 1.33 and a beta of 1.92.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Friday, November 7th. The asset manager reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $1.38 EPS. Research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the second quarter valued at approximately $1,530,419,000. Nuveen LLC purchased a new stake in KKR & Co. Inc. in the 1st quarter valued at approximately $844,137,000. Jennison Associates LLC grew its holdings in KKR & Co. Inc. by 4,918.6% during the 1st quarter. Jennison Associates LLC now owns 4,393,841 shares of the asset manager’s stock valued at $507,972,000 after buying an additional 4,306,290 shares during the last quarter. Strive Asset Management LLC purchased a new position in KKR & Co. Inc. during the third quarter worth $535,907,000. Finally, Amundi raised its holdings in shares of KKR & Co. Inc. by 114.2% in the first quarter. Amundi now owns 4,575,631 shares of the asset manager’s stock worth $528,989,000 after acquiring an additional 2,439,505 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

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.