KKR & Co. Inc. (NYSE:KKR) Given New $120.00 Price Target at Morgan Stanley

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective lifted by stock analysts at Morgan Stanley from $114.00 to $120.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the asset manager's stock. Morgan Stanley's price objective would indicate a potential upside of 2.30% from the stock's previous close.

Several other analysts also recently weighed in on KKR. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their target price for the company from $170.00 to $119.00 in a research note on Tuesday, April 15th. JMP Securities decreased their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays lifted their target price on KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company upped their price target on KKR & Co. Inc. from $120.00 to $136.00 and gave the company an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.73.

KKR & Co. Inc. Stock Performance

KKR stock traded up $0.37 during midday trading on Monday, hitting $117.30. 561,930 shares of the company traded hands, compared to its average volume of 4,967,890. KKR & Co. Inc. has a twelve month low of $86.15 and a twelve month high of $170.40. The stock has a market capitalization of $104.19 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The business has a 50 day simple moving average of $112.48 and a 200-day simple moving average of $136.93.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. KKR & Co. Inc. had a net margin of 14.31% and a return on equity of 6.20%. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. As a group, equities research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of KKR & Co. Inc. stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now owns 19,260,971 shares in the company, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of KKR & Co. Inc. by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager's stock worth $8,384,650,000 after acquiring an additional 441,817 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in KKR & Co. Inc. by 14.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares during the last quarter. Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after buying an additional 458,048 shares in the last quarter. FMR LLC boosted its position in KKR & Co. Inc. by 6.7% in the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock valued at $1,775,421,000 after buying an additional 752,056 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $1,435,314,000. 76.26% of the stock is owned by institutional investors.

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.

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