KKR & Co. Inc. (NYSE:KKR) PT Raised to $113.00

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its target price lifted by investment analysts at Barclays from $107.00 to $113.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the asset manager's stock. Barclays's target price would suggest a potential upside of 11.15% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. TD Cowen assumed coverage on shares of KKR & Co. Inc. in a research note on Thursday, January 4th. They issued an "outperform" rating and a $96.00 price objective on the stock. Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their price target on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. JMP Securities raised their price target on shares of KKR & Co. Inc. from $92.00 to $108.00 and gave the stock a "market outperform" rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.93.

KKR & Co. Inc. Price Performance

Shares of KKR traded up $0.73 during trading hours on Monday, reaching $101.66. The company had a trading volume of 2,078,318 shares, compared to its average volume of 3,419,100. The firm has a 50 day simple moving average of $96.37 and a 200-day simple moving average of $79.71. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $89.97 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 0.84 and a beta of 1.61. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. Research analysts expect that KKR & Co. Inc. will post 4.63 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $25.00 per share, with a total value of $14,285,725.00. Following the completion of the transaction, the insider now owns 1,000,687 shares of the company's stock, valued at $25,017,175. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company's stock, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC raised its stake in shares of KKR & Co. Inc. by 0.9% during the fourth quarter. CWA Asset Management Group LLC now owns 12,310 shares of the asset manager's stock valued at $1,020,000 after purchasing an additional 114 shares during the period. E&G Advisors LP raised its stake in shares of KKR & Co. Inc. by 1.5% during the fourth quarter. E&G Advisors LP now owns 8,726 shares of the asset manager's stock valued at $723,000 after purchasing an additional 126 shares during the period. Montag A & Associates Inc. raised its stake in shares of KKR & Co. Inc. by 4.8% during the fourth quarter. Montag A & Associates Inc. now owns 2,794 shares of the asset manager's stock valued at $232,000 after purchasing an additional 128 shares during the period. Cross Staff Investments Inc raised its stake in shares of KKR & Co. Inc. by 0.7% during the fourth quarter. Cross Staff Investments Inc now owns 19,512 shares of the asset manager's stock valued at $1,617,000 after purchasing an additional 130 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of KKR & Co. Inc. by 0.3% during the fourth quarter. Nordea Investment Management AB now owns 39,047 shares of the asset manager's stock valued at $3,241,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 76.26% of the company's stock.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.