KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $166.00 at Oppenheimer

Key Points

• Oppenheimer raised KKR’s price target from $139 to $166 and maintained an “outperform” rating, implying 51.41% upside from the prior close.
• KKR has a favorable analyst consensus, with 12 Buy ratings and three Holds; the average price target is $130.
• KKR reported quarterly EPS of $1.63, exceeding the $1.43 consensus estimate, while its board authorized a $500 million share-repurchase program.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price hoisted by research analysts at Oppenheimer from $139.00 to $166.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the asset manager's stock. Oppenheimer's price objective would indicate a potential upside of 51.41% from the company's previous close.

KKR has been the subject of several other reports. Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $108.00 to $111.00 and gave the company a "hold" rating in a research note on Monday, August 3rd. Royal Bank Of Canada lifted 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. BMO Capital Markets boosted their price objective on shares of KKR & Co. Inc. from $112.00 to $118.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods raised KKR & Co. Inc. to a "moderate buy" rating in a report on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.00.

KKR & Co. Inc. Price Performance

NYSE:KKR traded up $1.14 during trading hours on Thursday, reaching $109.64. The company had a trading volume of 183,477 shares, compared to its average volume of 5,786,460. The stock has a 50-day moving average of $100.68 and a two-hundred day moving average of $97.62. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $152.10. The firm has a market capitalization of $98.41 billion, a PE ratio of 34.86, a PEG ratio of 0.91 and a beta of 1.78. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the business earned $1.18 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.68 earnings per share for the current year.

KKR & Co. Inc. declared that its board has authorized a share repurchase program on Tuesday, May 5th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of KKR & Co. Inc.

A number of large investors have recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter valued at $27,000. Elyxium Wealth LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth $27,000. SouthState Bank Corp raised its stake in KKR & Co. Inc. by 185.0% in the fourth quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after purchasing an additional 148 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in KKR & Co. Inc. during the fourth quarter worth $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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