KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $135.00 at JMP Securities

KKR & Co. Inc. (NYSE:KKR) had its price objective lifted by stock analysts at JMP Securities from $115.00 to $135.00 in a report released on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the asset manager’s stock. JMP Securities’ price target suggests a potential upside of 13.18% from the stock’s previous close.

A number of other research firms have also weighed in on KKR. TD Cowen lifted their price objective on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI increased their price objective on KKR & Co. Inc. from $112.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. The Goldman Sachs Group lifted their target price on KKR & Co. Inc. from $123.00 to $137.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

KKR & Co. Inc. Stock Down 3.4 %

KKR stock traded down $4.17 during trading on Thursday, reaching $119.28. 3,737,797 shares of the stock were exchanged, compared to its average volume of 4,925,524. The firm’s 50 day moving average is $109.23 and its 200 day moving average is $100.56. The firm has a market cap of $105.85 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.62. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.86. KKR & Co. Inc. has a twelve month low of $53.72 and a twelve month high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. The firm had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, research analysts forecast that KKR & Co. Inc. will post 3.96 EPS for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $12.48, for a total transaction of $218,400,000.00. Following the completion of the transaction, the insider now owns 33,133,123 shares in the company, valued at approximately $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $12.48, for a total value of $218,400,000.00. Following the completion of the transaction, the insider now directly owns 33,133,123 shares of the company’s stock, valued at approximately $413,501,375.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the acquisition, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 37,554,644 shares of company stock valued at $1,725,355,039. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Large investors have recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in KKR & Co. Inc. by 2.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock worth $490,000 after purchasing an additional 94 shares in the last quarter. FFT Wealth Management LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth $256,000. LGL Partners LLC bought a new stake in KKR & Co. Inc. during the second quarter valued at $246,000. Summit Financial LLC grew its position in KKR & Co. Inc. by 75.4% during the second quarter. Summit Financial LLC now owns 5,990 shares of the asset manager’s stock worth $630,000 after buying an additional 2,575 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in KKR & Co. Inc. by 0.8% in the 2nd quarter. Essex Financial Services Inc. now owns 15,713 shares of the asset manager’s stock worth $1,654,000 after acquiring an additional 132 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.