KKR & Co. Inc. (NYSE:KKR) Given "Outperform" Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Outperform” rating on KKR and set a $134 price target, implying 36.64% upside from the stock’s current price.
• KKR reported quarterly EPS of $1.78, beating the $1.58 consensus estimate; revenue of $4.56 billion also topped expectations.
• Analyst sentiment is broadly positive: KKR has a “Moderate Buy” consensus rating and an average price target of $123.58.

KKR & Co. Inc. (NYSE:KKR - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Royal Bank Of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $134.00 target price on the asset manager's stock. Royal Bank Of Canada's target price suggests a potential upside of 36.64% from the stock's current price.

Several other equities research analysts also recently weighed in on the stock. Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Evercore lowered their target price on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. HSBC dropped their price target on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, October 1st. BMO Capital Markets reduced their price target on shares of KKR & Co. Inc. from $118.00 to $109.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Finally, Rothschild & Co Redburn upped their price target on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.58.

KKR & Co. Inc. Stock Up 1.6%

Shares of KKR & Co. Inc. stock opened at $98.06 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $144.84. The business's fifty day moving average price is $95.80 and its two-hundred day moving average price is $98.20. The company has a market capitalization of $88.03 billion, a P/E ratio of 31.23, a PEG ratio of 0.78 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. The company had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the prior year, the business posted $1.41 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 7.35 EPS for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 23.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in KKR & Co. Inc. during the second quarter worth approximately $470,778,000. Bank of New York Mellon Corp purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at approximately $298,311,000. Temasek Holdings Private Ltd lifted its position in shares of KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager's stock valued at $325,859,000 after acquiring an additional 2,190,248 shares in the last quarter. Deutsche Bank AG acquired a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in KKR & Co. Inc. in the 2nd quarter worth approximately $147,628,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: KKR reported third-quarter earnings of $1.78 per share, above the $1.58 consensus estimate and up from $1.41 a year earlier. Revenue of $4.56 billion also exceeded estimates. Higher management fees, strong fee-related earnings and capital raising helped drive the results. Article: KKR Q3 earnings beat helped by strong fee-related earnings, solid capital raising
• Positive Sentiment: KKR and Diamondback Energy agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue Midland Basin, a water-infrastructure platform. The partners will own the company jointly, adding exposure to an operating infrastructure business; financial terms were not disclosed. Article: Diamondback Energy and KKR to Acquire Deep Blue Midland Basin from Five Point Infrastructure
• Positive Sentiment: KKR declared a quarterly dividend of $0.195 per share, payable December 3 to shareholders of record November 19. The annualized payout is $0.78 per share. Dividend announcement
• Neutral Sentiment: KKR leadership said the firm is cautious about AI investments and has limited direct exposure to the boom. This may temper expectations for near-term AI-related gains, while reflecting a measured approach to investment risk. Article: KKR's Nuttall Says Firm to Be Cautious With AI Bets

About KKR & Co. Inc.

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