KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $156.00

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price increased by equities research analysts at Wells Fargo & Company from $140.00 to $156.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the asset manager's stock. Wells Fargo & Company's price objective suggests a potential upside of 10.54% from the company's current price.

Other analysts have also recently issued research reports about the stock. Citigroup upped their price target on shares of KKR & Co. Inc. from $132.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI upped their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. TD Cowen cut their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler began coverage on shares of KKR & Co. Inc. in a research report on Monday, June 30th. They set an "overweight" rating and a $150.00 price target on the stock. Finally, JMP Securities cut 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. One 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $155.20.

KKR & Co. Inc. Trading Down 1.3%

NYSE KKR traded down $1.92 on Friday, reaching $141.13. The company had a trading volume of 3,204,355 shares, compared to its average volume of 4,236,253. The firm has a market cap of $125.70 billion, a price-to-earnings ratio of 59.55, a P/E/G ratio of 1.61 and a beta of 1.88. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The business has a 50 day moving average of $125.07 and a two-hundred day moving average of $128.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 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 analysts' expectations of $1.71 billion. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The business's quarterly revenue was down 67.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insider Activity at KKR & Co. Inc.

In related news, Director Robert W. Scully purchased 13,250 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $113.49 per share, for a total transaction of $1,503,742.50. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction that occurred 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 completion of the acquisition, the director owned 185,000 shares in the company, valued at $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last 90 days. Corporate insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KKR. Orrstown Financial Services Inc. bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $268,000. Bouvel Investment Partners LLC bought a new position in KKR & Co. Inc. in the 2nd quarter valued at $6,603,000. Farther Finance Advisors LLC boosted its holdings in KKR & Co. Inc. by 48.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 21,791 shares of the asset manager's stock valued at $2,899,000 after purchasing an additional 7,070 shares during the period. CX Institutional boosted its holdings in KKR & Co. Inc. by 68.9% in the 2nd quarter. CX Institutional now owns 2,317 shares of the asset manager's stock valued at $308,000 after purchasing an additional 945 shares during the period. Finally, AA Financial Advisors LLC boosted its holdings in KKR & Co. Inc. by 25.1% in the 2nd quarter. AA Financial Advisors LLC now owns 3,359 shares of the asset manager's stock valued at $447,000 after purchasing an additional 674 shares during the period. 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.