KKR & Co. Inc. (NYSE:KKR – Get Free Report) had its price objective decreased by research analysts at UBS Group from $123.00 to $122.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. UBS Group’s price objective indicates a potential upside of 39.89% from the stock’s current price.
A number of other research firms also recently commented on KKR. Argus increased their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. BNP Paribas Exane lowered their price target on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a report on Thursday, October 1st. Bank of America dropped their price target on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. The Goldman Sachs Group dropped their price target on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Finally, Wells Fargo & Company began coverage on KKR & Co. Inc. in a research note on Friday, October 2nd. They set an “equal weight” rating and a $97.00 price objective on the stock. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, KKR & Co. Inc. presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.42.
View Our Latest Report on KKR & Co. Inc.
KKR & Co. Inc. Stock Down 4.7%
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 the consensus estimate 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company earned $1.18 earnings per share. Equities analysts anticipate that KKR & Co. Inc. will post 6.22 EPS for the current year.
Insider Buying and Selling
In other KKR & Co. Inc. 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 value of $1,085,800.00. Following the completion of the transaction, the insider directly owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.20% of the stock is currently owned by insiders.
Institutional Trading of KKR & Co. Inc.
Several hedge funds have recently made changes to their positions in the stock. Horizon Bancorp Inc. IN lifted its stake in KKR & Co. Inc. by 3.8% in the first quarter. Horizon Bancorp Inc. IN now owns 2,622 shares of the asset manager’s stock valued at $243,000 after buying an additional 95 shares during the last quarter. Western Pacific Wealth Management LP grew its position in shares of KKR & Co. Inc. by 34.8% during the first quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Wernau Asset Management Inc. grew its position in shares of KKR & Co. Inc. by 1.0% during the first quarter. Wernau Asset Management Inc. now owns 10,877 shares of the asset manager’s stock worth $1,006,000 after acquiring an additional 104 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in shares of KKR & Co. Inc. by 4.4% during the second quarter. Ausdal Financial Partners Inc. now owns 2,645 shares of the asset manager’s stock worth $243,000 after acquiring an additional 112 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in shares of KKR & Co. Inc. by 4.0% in the 1st quarter. Mayflower Financial Advisors LLC now owns 2,907 shares of the asset manager’s stock worth $269,000 after acquiring an additional 113 shares during the period. Institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. Company Profile
KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.
Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.
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