KKR & Co. Inc. (NYSE:KKR) Stock Gets Price Target Increase from Piper Sandler

Key Points

• Piper Sandler raised its KKR price target to $125 from $121 and maintained an Overweight rating, implying about 25.2% upside from the stock’s then-current price.
• Analyst sentiment was broadly positive: 17 analysts rated KKR Buy and four rated it Hold, with a consensus price target of $123.32.
• KKR reported quarterly earnings of $1.78 per share, above the $1.58 consensus, and revenue of $4.56 billion, also exceeding analysts’ expectations.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price hoisted by analysts at Piper Sandler from $121.00 to $125.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the asset manager's stock. Piper Sandler's price target would indicate a potential upside of 25.24% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Bank of America decreased their price target on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. HSBC cut their price objective on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, October 1st. Keefe, Bruyette & Woods upgraded shares of KKR & Co. Inc. to a "moderate buy" rating in a research note on Monday, July 20th. TD Cowen decreased their target price on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a "hold" rating on the stock in a report on Monday, October 12th. Finally, Barclays dropped their target price on shares of KKR & Co. Inc. from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, October 26th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $123.32.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock opened at $99.81 on Wednesday. The stock's fifty day moving average price is $95.62 and its two-hundred day moving average price is $98.08. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market cap of $89.59 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.72.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The asset manager reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.20. The firm had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $2.66 billion. KKR & Co. Inc. had a return on equity of 6.31% and a net margin of 16.38%. During the same period in the previous year, the firm earned $1.41 EPS. As a group, research analysts expect that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

Insider Activity

In other news, insider Dane Holmes sold 10,000 shares of KKR & Co. Inc. 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 transaction, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.20% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently bought and sold shares of the business. Silvant Capital Management LLC acquired a new position in KKR & Co. Inc. during the second quarter worth about $34,000. Compass Financial Management LLC boosted its stake in shares of KKR & Co. Inc. by 133.9% in the 3rd quarter. Compass Financial Management LLC now owns 407 shares of the asset manager's stock valued at $37,000 after purchasing an additional 233 shares in the last quarter. Joseph Group Capital Management boosted its stake in shares of KKR & Co. Inc. by 29.4% in the 3rd quarter. Joseph Group Capital Management now owns 471 shares of the asset manager's stock valued at $43,000 after purchasing an additional 107 shares in the last quarter. Silver Grove Financial Group Inc. grew its holdings in shares of KKR & Co. Inc. by 34.3% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 466 shares of the asset manager's stock valued at $43,000 after purchasing an additional 119 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at approximately $46,000. 76.26% of the stock is owned by institutional investors and hedge funds.

Key KKR & Co. Inc. News

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

• Positive Sentiment: KKR’s third-quarter results beat expectations: adjusted earnings were $1.78 per share versus the $1.58 consensus, and revenue also exceeded forecasts. The earnings beat, supported by fee-related growth and fundraising, is the clearest near-term positive for the shares. Is KKR a Buy After Its Latest Earnings Report?
• Positive Sentiment: KKR and RWE will jointly develop two U.K. offshore-wind projects with about 2.8 gigawatts of capacity and a total investment of roughly £12 billion. The partnership adds a large infrastructure opportunity, although project returns will depend on development and operating execution. RWE, KKR finalise $16 billion investment in UK renewables
• Positive Sentiment: Morgan Stanley raised its KKR price target to $140 from $138 and maintained an Overweight rating, reinforcing the generally favorable analyst outlook. KKR Stock Price Target Raised at Morgan Stanley
• Neutral Sentiment: KKR and Diamondback Energy agreed to acquire the remaining 70% of Deep Blue, a Midland Basin water-infrastructure company, giving them joint ownership. The deal broadens KKR’s portfolio exposure, but the article does not provide financial terms. Diamondback Energy and KKR to Acquire Deep Blue Midland Basin
• Neutral Sentiment: KKR announced a goal to hire 250,000 veterans and military spouses across its portfolio by 2040. The initiative may support portfolio-company recruiting and KKR’s social-impact profile, but is unlikely to materially affect near-term earnings. KKR commits to hiring veterans and military spouses
• Negative Sentiment: Despite beating estimates, KKR’s revenue take reportedly declined notably year over year, a reminder that strong headline results do not eliminate questions about underlying revenue trends. Is KKR a Buy After Its Latest Earnings Report?

About KKR & Co. Inc.

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.

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