KKR & Co. Inc. (NYSE:KKR) Stock Has Consensus Target Price of $124.21

KKR & Co. Inc. (NYSE:KKR) has been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $123.58.

A number of research firms have recently weighed in on KKR. BNP Paribas Exane lowered their price objective on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research report on Thursday, October 1st. Morgan Stanley reduced their target price on KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Wells Fargo & Company began coverage on KKR & Co. Inc. in a research report on Friday, October 2nd. They set an “equal weight” rating and a $97.00 target price on the stock. Jefferies Financial Group decreased their price objective on shares of KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Finally, Piper Sandler decreased their price objective on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Monday, October 19th.

KKR & Co. Inc. Stock Down 0.1%

NYSE:KKR opened at $94.34 on Monday. The company’s 50-day simple moving average is $97.05 and its 200-day simple moving average is $99.12. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The stock has a market capitalization of $84.68 billion, a P/E ratio of 30.04, a P/E/G ratio of 0.72 and a beta of 1.83.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $1.18 EPS. On average, equities analysts anticipate that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Silvant Capital Management LLC acquired a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $34,000. Compass Financial Management LLC raised its position in KKR & Co. Inc. by 133.9% during the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager’s stock worth $37,000 after buying an additional 233 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $39,000. Global Assets Advisory LLC acquired a new stake in KKR & Co. Inc. during the 1st quarter valued at approximately $46,000. Finally, Eastern Bank lifted its stake in KKR & Co. Inc. by 28.1% during the 3rd quarter. Eastern Bank now owns 547 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 120 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.