KKR & Co. Inc. (NYSE:KKR) Rating Reiterated by Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR)‘s stock had its “outperform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Benzinga reports. They currently have a $144.00 price target on the asset manager’s stock, up from their previous price target of $125.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 16.75% from the company’s current price.

Several other research analysts have also weighed in on the company. TD Cowen dropped their price target on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. JMP Securities upped their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their price target on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI upped their price target 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. Finally, Barclays upped their price target on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.27.

KKR & Co. Inc. Trading Down 0.1 %

Shares of KKR & Co. Inc. stock traded down $0.11 on Thursday, reaching $123.34. 670,623 shares of the company were exchanged, compared to its average volume of 4,904,659. The stock has a fifty day moving average price of $109.23 and a 200-day moving average price of $100.56. The firm has a market capitalization of $109.45 billion, a price-to-earnings ratio of 27.70, 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 fifty-two week low of $53.72 and a fifty-two week high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). The company had revenue of $986.51 million for the quarter, compared to analyst estimates of $989.14 million. KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. On average, analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current year.

Insider Transactions 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 that occurred on Thursday, May 23rd. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the firm’s 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 1,956,182 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $25.56 per share, with a total value of $50,000,011.92. Following the completion of 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. In the last ninety days, insiders sold 37,554,644 shares of company stock valued at $1,725,355,039. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KKR. Wellington Management Group LLP boosted its position in KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock valued at $1,342,742,000 after buying an additional 11,134,363 shares during the last quarter. Norges Bank bought a new position in KKR & Co. Inc. in the 4th quarter valued at $649,798,000. Winslow Capital Management LLC bought a new position in KKR & Co. Inc. in the 4th quarter valued at $344,354,000. GQG Partners LLC bought a new position in KKR & Co. Inc. in the 1st quarter valued at $217,004,000. Finally, Vanguard Group Inc. boosted its position in KKR & Co. Inc. by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after buying an additional 1,728,782 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors.

About KKR & Co. Inc.

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.