KKR & Co. Inc. (NYSE:KKR) Now Covered by Wells Fargo & Company

Key Points

• Wells Fargo initiated coverage of KKR with an “equal weight” rating and a $97 price target, implying approximately 6.4% upside from the reported $91.15 share price.
• KKR’s broader analyst consensus remains more positive, with 12 Buy ratings and four Holds, producing a “Moderate Buy” average rating and a consensus target of $127.46.
• KKR reported quarterly EPS of $1.63, beating estimates of $1.43, while revenue reached $5.73 billion versus the $2.55 billion consensus forecast.

Equities research analysts at Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) in a report released on Friday, Benzinga reports. The firm set an "equal weight" rating and a $97.00 price target on the asset manager's stock. Wells Fargo & Company's price objective would indicate a potential upside of 6.42% from the company's current price.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a "moderate buy" rating in a research report on Monday, July 20th. Argus lifted their target price on KKR & Co. Inc. from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Morgan Stanley cut their price target on KKR & Co. Inc. from $153.00 to $147.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their price target on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research note on Friday, September 11th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $127.46.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $91.15 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a market cap of $81.82 billion, a PE ratio of 29.03, a P/E/G ratio of 0.81 and a beta of 1.83. The company's fifty day simple moving average is $103.70 and its 200-day simple moving average is $98.54. KKR & Co. Inc. has a 52 week low of $82.67 and a 52 week high of $144.84.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm earned $1.18 EPS. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.95 EPS for the current year.

Insiders Place Their Bets

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following 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 corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in KKR. SouthState Bank Corp boosted its holdings in shares of KKR & Co. Inc. by 185.0% in the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after buying an additional 148 shares during the period. MV Capital Management Inc. bought a new position in KKR & Co. Inc. in the fourth quarter worth about $31,000. Hanson & Doremus Investment Management boosted its stake in KKR & Co. Inc. by 83.3% in the first quarter. Hanson & Doremus Investment Management now owns 330 shares of the asset manager's stock valued at $31,000 after acquiring an additional 150 shares during the period. Silvant Capital Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $34,000. Finally, Western Pacific Wealth Management LP raised its position in shares of KKR & Co. Inc. by 34.8% during the 1st quarter. Western Pacific Wealth Management LP now owns 387 shares of the asset manager's stock worth $36,000 after purchasing an additional 100 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.

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