BMO Capital Markets Initiates Coverage on KKR & Co. Inc. (NYSE:KKR)

Key Points

• BMO Capital Markets initiated coverage on KKR & Co. Inc. with an "outperform" rating and a price target of $148.00, suggesting an upside of 18.93% from the current stock price.
• The stock has a consensus rating of "Moderate Buy" with a consensus price target of $157.40, as reported by MarketBeat, indicating a positive sentiment among analysts.
• Chairman George R. Roberts sold a substantial amount of shares, approximately $116.8 million worth, which reflects a slight decrease in his holdings but still retains a significant stake in the company.

Research analysts at BMO Capital Markets started coverage on shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) in a research report issued on Friday,Benzinga reports. The firm set an "outperform" rating and a $148.00 price target on the asset manager's stock. BMO Capital Markets' price objective points to a potential upside of 18.93% from the company's current price.

Several other equities analysts have also commented on KKR. Wall Street Zen raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler began coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They issued an "overweight" rating and a $150.00 target price on the stock. Citizens Jmp cut KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a report on Monday, July 14th. HSBC lowered KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price target for the company. in a research note on Wednesday, July 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on KKR & Co. Inc. from $155.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus price target of $157.40.

KKR & Co. Inc. Stock Down 2.4%

Shares of NYSE:KKR opened at $124.44 on Friday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $110.87 billion, a P/E ratio of 57.88, a P/E/G ratio of 1.40 and a beta of 1.91. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock's fifty day simple moving average is $141.45 and its 200-day simple moving average is $128.25.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, July 31st. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a net margin of 12.95% and a return on equity of 6.30%. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities research analysts forecast that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman George R. Roberts sold 809,906 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the sale, the chairman directly owned 81,361,978 shares of the company's stock, valued at approximately $11,736,465,326.50. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in the business. National Bank of Canada FI increased its stake in shares of KKR & Co. Inc. by 44.0% during the first quarter. National Bank of Canada FI now owns 778,692 shares of the asset manager's stock valued at $90,078,000 after acquiring an additional 237,987 shares during the period. Valeo Financial Advisors LLC boosted its stake in KKR & Co. Inc. by 39.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock valued at $818,000 after purchasing an additional 2,006 shares in the last quarter. CWM LLC increased its position in shares of KKR & Co. Inc. by 4.6% during the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock valued at $1,039,000 after purchasing an additional 398 shares during the period. Western Financial Corp CA bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $739,000. Finally, Ground Swell Capital LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $463,000. Institutional investors own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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