KKR & Co. Inc. Price Target Increased to $152.00 by Wells Fargo

KKR & Co. Inc. (NYSE:KKR – Get Free Report) has recently seen its target price raised by analysts at Wells Fargo & Company from $139.00 to $152.00, according to a report released on Friday. The financial firm has assigned an "equal weight" rating to the asset manager’s stock. This new price target indicates a potential upside of approximately 8.66% based on KKR's current stock price.

In addition to Wells Fargo, several other research analysts have also provided updates on KKR. JMP Securities has increased their price target for KKR shares from $135.00 to $150.00, maintaining a "market outperform" rating in a report dated October 9. Redburn Atlantic started their coverage of KKR on August 27, assigning a "buy" rating and setting a price target of $153.00. HSBC initiated their coverage on September 18 with a "buy" rating and a price target of $148.00. Oppenheimer also raised their target price from $128.00 to $148.00, rating the stock as "outperform" in a report on October 16. Conversely, StockNews.com downgraded KKR to a "sell" rating on October 7. Overall, one research analyst has given the stock a sell rating, two have issued hold ratings, while twelve provide a buy rating, and two assign a strong buy rating. According to MarketBeat.com, KKR’s stock has an average rating of "Moderate Buy" with an average price target of $151.29.

KKR & Co. Inc. Stock Performance

On Friday, shares of NYSE:KKR opened at $139.88. The company has experienced a yearly low of $53.72 and a high of $147.15 over the past 52 weeks. KKR has a market capitalization of $124.14 billion, a PE ratio of 32.99, and a price-to-earnings-growth ratio of 1.20. Its debt-to-equity ratio stands at 0.86, with both the quick and current ratios at 0.07. Recently, KKR’s fifty-day moving average is $128.49, and its 200-day moving average is $114.00.

KKR recently reported its quarterly earnings on October 24, revealing earnings per share (EPS) of $1.38, which surpassed analysts' expectations of $1.03 by $0.35. The company’s revenue for the quarter amounted to $4.79 billion, significantly above analyst predictions of $1.23 billion. KKR has recorded a return on equity of 5.05% along with a net margin of 17.99%. In comparison to the same quarter in the previous year, the EPS was $0.73. Analysts forecast that KKR will achieve an EPS of 3.97 for the current financial year.

Insider Transactions in KKR & Co. Inc.

Regarding insider activity, on September 13, major shareholder Genetic Disorder L.P. KKR sold 5,800,000 shares at an average price of $25.75, totaling about $149.35 million. Post-transaction, this shareholder owns 25,260,971 shares valued at approximately $650.47 million. Additionally, on September 11, KKR Group Partnership L.P. acquired 11,619,998 shares at an average cost of $11.13 per share, amounting to roughly $129.33 million. As a result, this insider has 92,959,984 shares valued near $1.03 billion, reflecting no change in their stake. Insider ownership in KKR stands at 39.34% of the total shares.

Hedge Fund Activity Related to KKR & Co. Inc.

Recent hedge fund transactions indicate varied interest in KKR shares. Versant Capital Management Inc increased its holdings by 622.9% during Q2, now owning 253 shares valued at $27,000. Mather Group LLC raised its stake by 371.4% during the same period, also holding 264 shares. ORG Wealth Partners LLC and Raleigh Capital Management Inc have made substantial new investments and increases as well, marking the interest of institutional investors. Currently, hedge funds and institutional investors collectively own 76.26% of KKR’s stock.

About KKR & Co. Inc.

KKR & Co Inc specializes in private equity and real estate investments, focusing on direct investments and fund-of-funds. The company deals with leveraged buyouts, management buyouts, credit specialties, growth equity, and more, targeting both lower and middle-market investment opportunities.

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