KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $177.00 at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR) had its price target upped by analysts at The Goldman Sachs Group from $160.00 to $177.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 15.97% from the stock’s previous close.

A number of other analysts have also weighed in on the company. TD Cowen increased their price objective on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price target (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. Evercore ISI raised their price target on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Citigroup raised their target price on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.14.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $0.18 during trading hours on Tuesday, hitting $152.63. 1,070,477 shares of the company’s stock were exchanged, compared to its average volume of 4,249,578. The company has a market capitalization of $135.57 billion, a PE ratio of 46.39, a PEG ratio of 1.20 and a beta of 1.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12-month low of $66.75 and a 12-month high of $156.54. The business’s 50 day simple moving average is $136.84 and its 200-day simple moving average is $119.91.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.35. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, equities research analysts anticipate that KKR & Co. Inc. will post 4.12 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 14.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. The trade was a 18.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TCW Group Inc. boosted its holdings in shares of KKR & Co. Inc. by 122.1% in the third quarter. TCW Group Inc. now owns 251,928 shares of the asset manager’s stock worth $32,897,000 after buying an additional 138,474 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of KKR & Co. Inc. by 5.4% in the third quarter. TD Private Client Wealth LLC now owns 38,287 shares of the asset manager’s stock worth $5,000,000 after acquiring an additional 1,978 shares during the period. Virtue Capital Management LLC grew its position in shares of KKR & Co. Inc. by 2.8% during the third quarter. Virtue Capital Management LLC now owns 12,350 shares of the asset manager’s stock worth $1,613,000 after purchasing an additional 337 shares in the last quarter. Sunbelt Securities Inc. raised its stake in KKR & Co. Inc. by 3.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,545 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 105 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in KKR & Co. Inc. by 38.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,267 shares of the asset manager’s stock worth $427,000 after purchasing an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.