KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $117.00 at Barclays

KKR & Co. Inc. (NYSE:KKR) had its price objective increased by stock analysts at Barclays from $114.00 to $117.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective points to a potential upside of 7.58% from the company’s previous close.

Several other equities analysts have also weighed in on the company. TD Cowen cut their target price on KKR & Co. Inc. from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Monday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $116.00 target price on shares of KKR & Co. Inc. in a report on Friday, June 21st. JMP Securities raised their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Jefferies Financial Group dropped their price objective on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, StockNews.com lowered KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and a consensus price target of $99.43.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR opened at $108.76 on Wednesday. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $113.91. The business has a fifty day simple moving average of $104.97 and a 200 day simple moving average of $96.95. 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 has a market cap of $96.51 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 0.92 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share 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 company had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, sell-side analysts predict that KKR & Co. Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Kkr Alternative Assets Llc bought 1,956,182 shares of the firm’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 transaction, the insider now directly owns 9,688,618 shares in the company, valued at $247,641,076.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of KKR & Co. Inc. stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Kkr Alternative Assets Llc acquired 1,956,182 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were 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. 39.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Resource Council acquired a new stake in KKR & Co. Inc. during the first quarter valued at approximately $1,001,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KKR & Co. Inc. by 352.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 143,610 shares of the asset manager’s stock worth $14,444,000 after acquiring an additional 111,881 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $3,932,000. Wellington Management Group LLP boosted its holdings in shares of 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 worth $1,342,742,000 after acquiring an additional 11,134,363 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of KKR & Co. Inc. by 184.6% in the 4th quarter. Virtu Financial LLC now owns 46,521 shares of the asset manager’s stock worth $3,854,000 after acquiring an additional 30,173 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

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.