TD Cowen Boosts KKR & Co. Inc. (NYSE:KKR) Price Target to $154.00

KKR & Co. Inc. (NYSE:KKR) had its target price increased by equities research analysts at TD Cowen from $145.00 to $154.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. TD Cowen’s price objective would indicate a potential upside of 29.11% from the company’s previous close.

A number of other analysts also recently weighed in on KKR. StockNews.com downgraded KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft boosted their target price on KKR & Co. Inc. from $128.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer lifted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays lifted 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. Finally, Evercore ISI lifted 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.47.

KKR & Co. Inc. Price Performance

Shares of KKR traded down $4.17 during trading hours on Thursday, reaching $119.28. 3,737,797 shares of the company’s stock traded hands, compared to its average volume of 4,925,524. The stock has a market cap of $105.85 billion, a PE ratio of 26.72, 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. The firm’s 50 day simple moving average is $109.23 and its 200-day simple moving average is $100.56. KKR & Co. Inc. has a 12 month low of $53.72 and a 12 month high of $128.79.

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly 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 business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.52%. Equities analysts expect that KKR & Co. Inc. will post 3.96 EPS for the current year.

Insider Activity at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 33,133,123 shares of the company’s stock, valued at $413,501,375.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $25.56 per share, for a total transaction of $50,000,011.92. Following the completion of the acquisition, the insider now directly owns 9,688,618 shares of the company’s stock, valued at approximately $247,641,076.08. The disclosure for this purchase can be found here. Insiders have sold 37,554,644 shares of company stock worth $1,725,355,039 over the last ninety days. 39.34% of the stock is owned by corporate insiders.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently bought and sold shares of the company. Crestwood Advisors Group LLC increased its position in KKR & Co. Inc. by 2.1% during the second quarter. Crestwood Advisors Group LLC now owns 4,658 shares of the asset manager’s stock valued at $490,000 after acquiring an additional 94 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in KKR & Co. Inc. by 2.4% in the second quarter. Premier Path Wealth Partners LLC now owns 4,231 shares of the asset manager’s stock worth $445,000 after buying an additional 99 shares in the last quarter. Whittier Trust Co. increased its position in KKR & Co. Inc. by 4.5% in the first quarter. Whittier Trust Co. now owns 2,395 shares of the asset manager’s stock worth $241,000 after buying an additional 103 shares in the last quarter. First Bank & Trust increased its position in KKR & Co. Inc. by 1.6% in the second quarter. First Bank & Trust now owns 6,536 shares of the asset manager’s stock worth $688,000 after buying an additional 104 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in KKR & Co. Inc. by 2.1% in the second quarter. Baker Tilly Wealth Management LLC now owns 5,244 shares of the asset manager’s stock worth $552,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.