KKR & Co Inc (NYSE:KKR) PT Raised to $40.00

KKR & Co Inc (NYSE:KKR) had its target price boosted by Bank of America from $36.00 to $40.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. Bank of America currently has a buy rating on the asset manager’s stock.

KKR has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price objective on KKR & Co Inc from $34.00 to $41.00 in a research note on Thursday. Wells Fargo & Co raised their target price on KKR & Co Inc from $31.00 to $32.00 and gave the company an overweight rating in a report on Wednesday, May 13th. Cfra upgraded KKR & Co Inc from a hold rating to a buy rating and dropped their price target for the stock from $33.00 to $30.00 in a report on Monday, May 11th. Zacks Investment Research lowered KKR & Co Inc from a buy rating to a hold rating in a report on Tuesday, March 17th. Finally, BMO Capital Markets lifted their price target on KKR & Co Inc from $33.00 to $39.00 and gave the stock an outperform rating in a report on Thursday, May 7th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $35.07.

Shares of KKR stock opened at $34.89 on Friday. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of -872.25, a PEG ratio of 3.89 and a beta of 1.55. The stock has a 50-day moving average of $29.86 and a 200-day moving average of $28.09. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01. KKR & Co Inc has a 1-year low of $15.55 and a 1-year high of $35.04.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Wednesday, May 6th. The asset manager reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. KKR & Co Inc had a return on equity of 4.37% and a net margin of 47.50%. The business had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $432.47 million. During the same quarter last year, the firm posted $0.38 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast that KKR & Co Inc will post 1.4 earnings per share for the current year.

In other KKR & Co Inc news, General Counsel David Sorkin sold 26,333 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $26.56, for a total transaction of $699,404.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kkr Stream Holdings Llc sold 13,845,682 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $13.00, for a total value of $179,993,866.00. The disclosure for this sale can be found here. Insiders own 39.34% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors purchased a new position in shares of KKR & Co Inc during the 1st quarter worth approximately $227,184,000. Invesco Ltd. grew its stake in shares of KKR & Co Inc by 67.0% in the 1st quarter. Invesco Ltd. now owns 12,404,071 shares of the asset manager’s stock worth $291,123,000 after buying an additional 4,974,443 shares during the last quarter. BlackRock Inc. grew its stake in shares of KKR & Co Inc by 24.9% in the 1st quarter. BlackRock Inc. now owns 18,821,620 shares of the asset manager’s stock worth $441,742,000 after buying an additional 3,747,419 shares during the last quarter. Maverick Capital Ltd. grew its stake in shares of KKR & Co Inc by 322.8% in the 1st quarter. Maverick Capital Ltd. now owns 4,896,956 shares of the asset manager’s stock worth $114,932,000 after buying an additional 3,738,800 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in KKR & Co Inc by 67.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,399,721 shares of the asset manager’s stock valued at $157,511,000 after acquiring an additional 2,183,777 shares in the last quarter. 77.52% of the stock is owned by institutional investors and hedge funds.

About KKR & Co Inc

KKR & Co L.P. 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.

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Analyst Recommendations for KKR & Co Inc (NYSE:KKR)

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