Citigroup Issues Positive Forecast for KKR & Co. Inc. (NYSE:KKR) Stock Price

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective upped by equities research analysts at Citigroup from $132.00 to $160.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the asset manager's stock. Citigroup's target price indicates a potential upside of 13.37% from the company's current price.

Several other analysts have also recently weighed in on the stock. TD Cowen dropped their price objective on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a research note on Wednesday. JMP Securities dropped their price objective on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $155.20.

KKR & Co. Inc. Stock Performance

Shares of KKR stock traded down $1.92 during midday trading on Thursday, hitting $141.13. 3,204,355 shares of the company were exchanged, compared to its average volume of 4,236,253. The firm has a market capitalization of $125.70 billion, a P/E ratio of 59.55, a PEG ratio of 1.61 and a beta of 1.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The firm's 50 day moving average price is $125.56 and its two-hundred day moving average price is $128.60. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. As a group, equities research analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Activity at KKR & Co. Inc.

In related news, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman directly owned 82,171,884 shares of the company's stock, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider directly owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 in the last ninety days. Insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $26,000. Saudi Central Bank bought a new stake in KKR & Co. Inc. during the 1st quarter worth approximately $28,000. Mascagni Wealth Management Inc. bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $34,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $36,000. 76.26% of the stock is owned by institutional investors.

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.