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KKR & Co. Inc. (NYSE:KKR) Given New $170.00 Price Target at Citigroup

KKR & Co. Inc. logo with Finance background

Key Points

  • KKR & Co. Inc. received an increased price target of $170.00 from Citigroup, up from $160.00, which suggests a potential upside of 19.23% from its current stock price.
  • Other analysts have also raised their price targets, with Oppenheimer raising theirs to $162.00 and Morgan Stanley to $150.00, indicating a generally positive outlook for the stock.
  • KKR's recent earnings report showed $1.18 EPS, exceeding expectations, and highlighted a 14.75% net margin with revenue of $1.86 billion during the quarter.
  • MarketBeat previews top five stocks to own in September.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price hoisted by equities researchers at Citigroup from $160.00 to $170.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the asset manager's stock. Citigroup's price target would indicate a potential upside of 19.23% from the company's current price.

Other research analysts have also recently issued research reports about the company. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Morgan Stanley upgraded shares of KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, May 14th. Wells Fargo & Company lifted their target price on shares of KKR & Co. Inc. from $140.00 to $156.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Barclays lifted their target price on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Hsbc Global Res lowered shares of KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $155.00.

Get Our Latest Report on KKR & Co. Inc.

KKR & Co. Inc. Trading Down 2.7%

KKR traded down $4.00 during midday trading on Friday, hitting $142.58. 5,720,866 shares of the company were exchanged, compared to its average volume of 5,015,178. The firm's 50 day moving average price is $132.64 and its 200-day moving average price is $128.44. KKR & Co. Inc. has a 1-year low of $86.15 and a 1-year high of $170.40. 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 firm has a market capitalization of $126.99 billion, a P/E ratio of 60.16, a P/E/G ratio of 1.67 and a beta of 1.88.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company posted $1.09 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman George R. Roberts sold 1,190,094 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $119.80, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Scully purchased 13,250 shares of KKR & Co. Inc. stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $113.49 per share, for a total transaction of $1,503,742.50. Following the completion of the purchase, the director directly owned 13,250 shares in the company, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last ninety days. 39.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Several large investors have recently added to or reduced their stakes in KKR. McIlrath & Eck LLC purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $26,000. Saudi Central Bank purchased a new position in shares of KKR & Co. Inc. in the 1st quarter valued at $28,000. Mascagni Wealth Management Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in KKR & Co. Inc. during the 4th quarter worth $34,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in KKR & Co. Inc. by 790.3% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 276 shares of the asset manager's stock worth $37,000 after purchasing an additional 245 shares during the period. 76.26% of the stock is owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

(Get Free Report)

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.

See Also

Analyst Recommendations for KKR & Co. Inc. (NYSE:KKR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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