Analysts Raise Price Target for KKR & Co. Inc. (NYSE:KKR) to $152.00

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

In addition to Wells Fargo, other analysts have also provided updates on KKR's stock. JMP Securities has increased its price target from $135.00 to $150.00 with a "market outperform" rating given on October 9th. Meanwhile, Redburn Atlantic initiated coverage on KKR on August 27th, issuing a "buy" rating along with a target price of $153.00. Additionally, HSBC began coverage on September 18th, giving KKR a "buy" rating with a price objective set at $148.00. Oppenheimer also raised its target for KKR from $128.00 to $148.00, rating the stock as "outperform" on October 16th. However, StockNews.com did downgrade KKR to a "sell" rating on October 7th.

Overall, KKR has received a range of ratings from analysts, with one rating a sell, two issuing a hold, twelve assigning a buy rating, and two giving a strong buy rating. The average rating for KKR's stock stands at "Moderate Buy" with an average price target of $151.29, as per MarketBeat.com’s analysis.

Current Stock Performance of KKR & Co. Inc.

On Friday, shares of KKR opened at $139.88. Over the past year, the stock has fluctuated between a low of $53.72 and a high of $147.15. KKR currently holds a market capitalization of $124.14 billion, with a price-to-earnings ratio of 32.99 and a price-to-earnings-growth ratio of 1.20. KKR has a beta of 1.62, indicating higher volatility compared to the market. The company also shows a debt-to-equity ratio of 0.86, along with a quick ratio and current ratio of 0.07. Over recent periods, KKR's fifty-day moving average stands at $128.49, while the 200-day moving average is at $114.00.

KKR's recent earnings report, announced on October 24th, showed that the asset manager posted earnings per share of $1.38 for the quarter, surpassing analysts’ expectations of $1.03 by $0.35. During this period, the company generated revenue of $4.79 billion, far exceeding the projected revenue of $1.23 billion. KKR's return on equity was reported at 5.05% with a net margin of 17.99%. A year prior, the company had an EPS of $0.73. Analysts predict that KKR will achieve an EPS of 3.97 for the current fiscal year.

Recent Insider Transactions

In related news, a significant shareholder, Genetic Disorder L.P., sold 5,800,000 shares of KKR on September 13th at an average price of $25.75, resulting in a total sale of approximately $149.35 million. Post-sale, this shareholder retains ownership of 25,260,971 KKR shares, valued at $650.47 million. Furthermore, another major shareholder, KKR Group Partnership L.P., purchased 11,619,998 shares on September 11th at an average cost of $11.13 per share, totaling about $129.33 million. This acquisition increased their total holdings to 92,959,984 shares worth around $1.03 billion. Insider ownership currently represents about 39.34% of KKR’s stock.

Institutional Investors and Hedge Fund Activities

Recent movements in the market indicate that several hedge funds have tweaked their positions in KKR. Versant Capital Management Inc. expanded its stake in KKR by a remarkable 622.9% in the second quarter, now owning 253 shares valued at approximately $27,000 after acquiring an additional 218 shares. Similarly, Mather Group LLC increased its holdings by 371.4% during the same period, owning 264 shares also valued at around $27,000. ORG Wealth Partners LLC initiated a new position in KKR in the third quarter worth about $31,000. Other firms like Raleigh Capital Management Inc. and Eastern Bank have also either increased their stake or initiated new positions in KKR, showcasing keen interest in the asset manager. Collectively, institutional investors and hedge funds hold 76.26% of KKR’s stock.

Company Overview of KKR & Co. Inc.

KKR & Co. Inc. is a prominent private equity and real estate investment firm, specializing in a diverse array of investments. Their expertise encompasses direct investments, fund of funds investments, acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity as well as investment across various market sectors including lower middle market and middle market.

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