KKR & Co. Inc. (NYSE:KKR – Get Free Report) had its target price raised by equities research analysts at Wells Fargo & Company from $97.00 to $105.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 6.90% from the company’s current price.
Several other research firms have also recently issued reports on KKR. Oppenheimer lifted their price objective on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. BNP Paribas Exane cut their target price on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating on the stock in a research report on Thursday, October 1st. UBS Group lowered their price target on KKR & Co. Inc. from $123.00 to $122.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Piper Sandler cut their price objective on shares of KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a “moderate buy” rating in a research report on Monday, July 20th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average price target of $124.00.
View Our Latest Stock Analysis on KKR
KKR & Co. Inc. Trading Up 0.1%
Shares of KKR traded up $0.14 during trading on Tuesday, reaching $98.22. 446,220 shares of the company traded hands, compared to its average volume of 5,557,445. The stock has a 50-day simple moving average of $95.80 and a 200-day simple moving average of $98.20. The stock has a market cap of $88.17 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.
KKR & Co. Inc. (NYSE:KKR – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%. The company had revenue of $4.56 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. On average, analysts anticipate that KKR & Co. Inc. will post 7.35 earnings per share for the current year.
Insider Buying and Selling
In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the 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 completion of the sale, the insider directly owned 8,513 shares of the company’s stock, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On KKR & Co. Inc.
Several hedge funds have recently modified their holdings of the stock. Silvant Capital Management LLC purchased a new position in KKR & Co. Inc. in the 2nd quarter valued at $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. Joseph Group Capital Management lifted its stake in shares of KKR & Co. Inc. by 29.4% in the 3rd quarter. Joseph Group Capital Management now owns 471 shares of the asset manager’s stock worth $43,000 after acquiring an additional 107 shares during the period. Silver Grove Financial Group Inc. lifted its stake in shares of KKR & Co. Inc. by 34.3% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 466 shares of the asset manager’s stock worth $43,000 after acquiring an additional 119 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $46,000. 76.26% of the stock is owned by institutional investors and hedge funds.
KKR & Co. Inc. News Summary
Here are the key news stories impacting KKR & Co. Inc. this week:
- Positive Sentiment: KKR reported third-quarter earnings of $1.78 per share, topping the $1.58 consensus estimate and increasing from $1.41 a year earlier. Revenue was $4.56 billion versus expectations of $2.66 billion. Growth in fee-related earnings and management fees, along with higher assets under management and capital raising, supported the results. KKR third-quarter results Earnings and capital-raising details
- Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $134 price target, implying 36.6% upside from the cited price of $98.06.
- Positive Sentiment: KKR and Diamondback Energy agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue, a Midland Basin water infrastructure platform. The partners would jointly own all of Deep Blue after the deal, expanding KKR’s investment in energy-related infrastructure. Deep Blue acquisition announcement
- Neutral Sentiment: KKR declared a quarterly dividend of $0.195 per share, payable December 3 to shareholders of record November 19. The annualized dividend is $0.78, a yield of about 0.8% at the cited price.
- Neutral Sentiment: Management said KKR is being cautious with AI investments and has limited AI exposure. This signals a measured approach but could also limit participation in AI-related gains. KKR commentary on AI investments
KKR & Co. Inc. Company Profile
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