KKR & Co. Inc. (NYSE:KKR – Get Free Report) had its target price upped by investment analysts at Barclays from $124.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price suggests a potential upside of 33.61% from the company’s current price.
KKR has been the subject of several other reports. Oppenheimer reduced their price objective on KKR & Co. Inc. from $143.00 to $139.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. The Goldman Sachs Group cut their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Morgan Stanley decreased their target price on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. BMO Capital Markets decreased their price target on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, HSBC raised their price objective on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.00.
Read Our Latest Stock Report on KKR & Co. Inc.
KKR & Co. Inc. Trading Up 1.8%
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the company earned $1.18 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 5.54 earnings per share for the current year.
KKR & Co. Inc. declared that its Board of Directors has approved a share buyback program on Tuesday, May 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the asset manager to purchase up to 0.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Institutional Trading of KKR & Co. Inc.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hudson Value Partners LLC grew its holdings in KKR & Co. Inc. by 4.6% during the 2nd quarter. Hudson Value Partners LLC now owns 9,655 shares of the asset manager’s stock valued at $886,000 after purchasing an additional 425 shares in the last quarter. Tema ETFs LLC grew its stake in shares of KKR & Co. Inc. by 5.4% during the second quarter. Tema ETFs LLC now owns 13,909 shares of the asset manager’s stock valued at $1,277,000 after acquiring an additional 712 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in shares of KKR & Co. Inc. by 4.5% during the second quarter. Canvas Wealth Advisors LLC now owns 4,538 shares of the asset manager’s stock worth $416,000 after acquiring an additional 196 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of KKR & Co. Inc. by 22.3% in the second quarter. Handelsbanken Fonder AB now owns 331,880 shares of the asset manager’s stock worth $30,460,000 after acquiring an additional 60,571 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in KKR & Co. Inc. by 1.1% in the second quarter. Fulton Bank N.A. now owns 16,231 shares of the asset manager’s stock valued at $1,490,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.
About KKR & Co. Inc.
KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.
KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.
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