KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Evercore ISI Analyst Says

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective raised by Evercore ISI from $130.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the asset manager's stock. Evercore ISI's price objective indicates a potential upside of 6.28% from the stock's current price.

KKR has been the topic of several other reports. Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Citigroup decreased their target price on KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. JMP Securities reduced 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 report on Tuesday, April 8th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $155.20.

KKR & Co. Inc. Stock Performance

Shares of KKR traded down $1.92 during trading hours on Thursday, hitting $141.13. The stock had a trading volume of 2,517,635 shares, compared to its average volume of 4,235,561. The firm has a 50-day moving average price of $125.07 and a 200 day moving average price of $128.68. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a market capitalization of $125.70 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.55 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.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $0.97 earnings per share. The company's revenue was down 67.8% compared to the same quarter last year. As a group, research analysts anticipate that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insiders Place Their Bets

In related news, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $117.92 per share, with a total value of $4,127,200.00. Following the purchase, the director directly owned 185,000 shares of the company's stock, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman George R. Roberts sold 1,190,094 shares of KKR & Co. Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $142,573,261.20. Following the transaction, the chairman owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. This represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $26,000. Saudi Central Bank purchased a new stake in shares of KKR & Co. Inc. during the 1st quarter valued at approximately $28,000. Mascagni Wealth Management Inc. acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in KKR & Co. Inc. in the fourth quarter valued at approximately $34,000. Finally, Cassady Schiller Wealth Management LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 76.26% of the company's stock.

About KKR & Co. Inc.

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.