KKR & Co. Inc. (NYSE:KKR – Get Free Report) had its price objective dropped by analysts at BMO Capital Markets from $118.00 to $109.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets‘s target price suggests a potential upside of 18.66% from the stock’s current price.
KKR has been the topic of a number of other reports. BNP Paribas Exane reduced their price target on shares of KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research note on Thursday, October 1st. HSBC lowered their price objective on KKR & Co. Inc. from $121.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. The Goldman Sachs Group lowered their target price on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Finally, Argus lifted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.58.
Check Out Our Latest Stock Report on KKR
KKR & Co. Inc. Stock Performance
KKR traded up $0.24 on Tuesday, reaching $91.86. The company had a trading volume of 839,770 shares, compared to its average volume of 5,582,151. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The company’s fifty day moving average is $98.66 and its 200 day moving average is $100.13. 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 cap of $82.46 billion, a P/E ratio of 29.18, a P/E/G ratio of 0.70 and a beta of 1.83.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, analysts predict that KKR & Co. Inc. will post 7.35 earnings per share for the current fiscal year.
Insider Activity at KKR & Co. Inc.
In related news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the transaction, the insider owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On KKR & Co. Inc.
Several institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. raised its stake in shares of KKR & Co. Inc. by 7.1% in the third quarter. Asset Management One Co. Ltd. now owns 304,263 shares of the asset manager’s stock valued at $27,779,000 after buying an additional 20,209 shares during the period. Park Avenue Securities LLC boosted its stake in KKR & Co. Inc. by 7.5% in the third quarter. Park Avenue Securities LLC now owns 11,659 shares of the asset manager’s stock worth $1,064,000 after buying an additional 815 shares in the last quarter. Leo Wealth LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter worth about $219,000. Kingswood Wealth Advisors LLC bought a new stake in KKR & Co. Inc. during the 3rd quarter valued at $270,000. Finally, Citizens Financial Group Inc. RI grew its position in shares of KKR & Co. Inc. by 8.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 36,132 shares of the asset manager’s stock worth $3,299,000 after buying an additional 2,693 shares during the last quarter. 76.26% of the stock is owned by institutional investors.
KKR & Co. Inc. News Summary
Here are the key news stories impacting KKR & Co. Inc. this week:
- Positive Sentiment: Potential Ben & Jerry’s transaction: The founders of Ben & Jerry’s are reportedly considering a deal involving a KKR executive to separate the ice cream brand from Magnum’s owner. If KKR or an affiliated executive participates, the transaction could create a new investment opportunity and generate future management or transaction fees, although the report does not indicate a finalized KKR corporate acquisition. Ben & Jerry’s founders mull deal with KKR executive
- Positive Sentiment: Board appointment strengthens oversight: KKR appointed Brian J. Lee, former Goldman Sachs chief risk officer, to its board and its audit and risk committees. The appointment increases independent directors to eight of 12 seats and adds senior risk-management expertise, which may support governance and investor confidence. KKR appoints Brian J. Lee to board
- Positive Sentiment: Long-term growth case remains intact: An analyst review highlighted multiple growth engines that could support continued compounding at KKR, including expansion across alternative-asset strategies and fee-related earnings. Multiple growth engines support long-term compounding at KKR
- Neutral Sentiment: KKR presented at the BMO conference, giving investors an opportunity to assess its strategy and outlook, but no major new financial guidance was reported. KKR presents at BMO conference
- Negative Sentiment: Analysts trimmed targets: BMO lowered its KKR price target to $109 from $118, while Barclays cut its target to $127 from $130. Barclays retained an “overweight” rating, and both targets remain above the recent share price, but the reductions signal moderated expectations and may weigh on sentiment. BMO adjusts KKR price target
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.
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