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

Key Points

• Barclays has raised the price target for KKR & Co. Inc. from $155.00 to $165.00, indicating a potential upside of 14.22% from the current stock price.
• Multiple analysts have upgraded KKR's price targets, with Citigroup setting a target of $170.00, reflecting strong confidence in the stock's performance.
• KKR & Co. Inc. reported a quarterly EPS of $1.18, exceeding expectations of $1.14, contributing to a current consensus rating of "Moderate Buy" among analysts.

KKR & Co. Inc. (NYSE:KKR - Free Report) had its target price lifted by Barclays from $155.00 to $165.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the asset manager's stock.

Several other research firms have also weighed in on KKR. Wall Street Zen raised KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research note on Saturday. TD Cowen dropped their price target on 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 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. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research report on Monday, July 14th. Finally, Oppenheimer raised their price target on KKR & Co. Inc. from $149.00 to $162.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $157.73.

KKR & Co. Inc. Price Performance

Shares of KKR stock traded up $2.10 during trading hours on Monday, hitting $144.76. 916,496 shares of the company's stock were exchanged, compared to its average volume of 4,983,026. The stock's 50-day moving average is $134.14 and its 200-day moving average is $128.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $128.92 billion, a price-to-earnings ratio of 67.36, a price-to-earnings-growth ratio of 1.59 and a beta of 1.87. 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 quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $1.09 earnings per share. As a group, research analysts forecast that KKR & Co. Inc. will post 5.19 EPS for the current year.

KKR & Co. Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, August 11th will be paid a dividend of $0.185 per share. This is a positive change from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio (DPR) is currently 34.42%.

Insiders Place Their Bets

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 dated 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 completion of the sale, the insider owned 13,260,971 shares of the company's stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of KKR & Co. Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the transaction, the chairman owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. This represents a 0.18% decrease in their position. 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 over the last three months. Corporate insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at $31,029,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KKR & Co. Inc. in the 4th quarter worth $50,199,000. Valeo Financial Advisors LLC boosted its stake in shares of KKR & Co. Inc. by 39.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,076 shares of the asset manager's stock worth $818,000 after buying an additional 2,006 shares during the last quarter. CWM LLC boosted its stake in shares of KKR & Co. Inc. by 4.6% in the 1st quarter. CWM LLC now owns 8,987 shares of the asset manager's stock worth $1,039,000 after buying an additional 398 shares during the last quarter. Finally, Western Financial Corp CA purchased a new position in shares of KKR & Co. Inc. in the 1st quarter worth $739,000. 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.