KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its KKR price target from $97 to $105 but maintained an “equal weight” rating; the new target implies about 6.9% upside from the cited share price.
• Analyst sentiment is more positive overall: KKR has a “Moderate Buy” consensus rating and an average price target of $124, based on 17 Buy and four Hold ratings.
• KKR reported quarterly adjusted earnings of $1.78 per share and revenue of $4.56 billion, beating analyst estimates of $1.58 and $2.66 billion, respectively.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target upped by research analysts at Wells Fargo & Company from $97.00 to $105.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price target suggests a potential upside of 6.90% from the company's current price.

A number of other analysts also recently issued reports on KKR. Rothschild & Co Redburn lifted their price objective on shares of KKR & Co. Inc. from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Friday, July 31st. UBS Group reduced their target price on KKR & Co. Inc. from $123.00 to $122.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Oppenheimer increased their target price on KKR & Co. Inc. from $139.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Barclays cut their price objective on KKR & Co. Inc. from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, October 26th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $124.00.

KKR & Co. Inc. Price Performance

NYSE KKR traded up $0.14 during trading on Tuesday, reaching $98.22. The company's stock had a trading volume of 446,220 shares, compared to its average volume of 5,557,445. The firm has a fifty day moving average of $95.80 and a 200 day moving average of $98.20. KKR & Co. Inc. has a one year low of $82.67 and a one year high of $144.84. The stock has a market capitalization of $88.17 billion, a PE ratio of 31.35, a P/E/G ratio of 0.78 and a beta of 1.72. 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. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The asset manager reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.20. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $2.66 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%. During the same quarter last year, the company posted $1.41 EPS. Analysts expect that KKR & Co. Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.20% of the company's stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds have recently added to or reduced their stakes in the company. Castleview Partners LLC raised its stake in KKR & Co. Inc. by 27.1% in the 3rd quarter. Castleview Partners LLC now owns 60,980 shares of the asset manager's stock valued at $5,568,000 after purchasing an additional 13,014 shares during the last quarter. Andra AP fonden lifted its position in KKR & Co. Inc. by 201.7% during the first quarter. Andra AP fonden now owns 57,630 shares of the asset manager's stock worth $5,331,000 after buying an additional 38,530 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in KKR & Co. Inc. during the second quarter worth approximately $7,358,000. NEOS Investment Management LLC boosted its stake in KKR & Co. Inc. by 12.6% during the second quarter. NEOS Investment Management LLC now owns 112,137 shares of the asset manager's stock worth $10,292,000 after buying an additional 12,529 shares during the last quarter. Finally, Next Capital Management LLC increased its stake in shares of KKR & Co. Inc. by 135.6% in the 1st quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager's stock worth $4,419,000 after acquiring an additional 27,498 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

More KKR & Co. Inc. News

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

• Positive Sentiment: KKR reported third-quarter earnings of $1.78 per share, topping the $1.58 consensus estimate and increasing from $1.41 a year earlier. Revenue was $4.56 billion versus expectations of $2.66 billion. Growth in fee-related earnings and management fees, along with higher assets under management and capital raising, supported the results. KKR third-quarter results Earnings and capital-raising details
• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $134 price target, implying 36.6% upside from the cited price of $98.06.
• Positive Sentiment: KKR and Diamondback Energy agreed to acquire Five Point Infrastructure’s 70% stake in Deep Blue, a Midland Basin water infrastructure platform. The partners would jointly own all of Deep Blue after the deal, expanding KKR’s investment in energy-related infrastructure. Deep Blue acquisition announcement
• Neutral Sentiment: KKR declared a quarterly dividend of $0.195 per share, payable December 3 to shareholders of record November 19. The annualized dividend is $0.78, a yield of about 0.8% at the cited price.
• Neutral Sentiment: Management said KKR is being cautious with AI investments and has limited AI exposure. This signals a measured approach but could also limit participation in AI-related gains. KKR commentary on AI investments

KKR & Co. Inc. Company Profile

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