TD Cowen Increases KKR & Co. Inc. (NYSE:KKR) Price Target to $144.00

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price target lifted by TD Cowen to $144.00 in a research note issued to investors on Thursday, April 11th, Benzinga reports. The brokerage currently has a "buy" rating on the asset manager's stock. TD Cowen's price target would indicate a potential upside of 55.47% from the company's previous close.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. JMP Securities lifted their price objective on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 9th. Barclays boosted their target price on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Finally, Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.64.

KKR & Co. Inc. Trading Down 0.8 %

KKR stock opened at $92.62 on Thursday. The firm has a fifty day moving average price of $97.61 and a 200 day moving average price of $82.22. KKR & Co. Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $103.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $81.97 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. Sell-side analysts anticipate that KKR & Co. Inc. will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $9.87, for a total value of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now owns 429,259 shares of the company's stock, valued at $10,705,719.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at $27,000. Blue Trust Inc. increased its holdings in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after purchasing an additional 211 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in KKR & Co. Inc. during the 4th quarter worth about $30,000. Missouri Trust & Investment Co increased its holdings in KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock worth $38,000 after purchasing an additional 368 shares during the period. Finally, Quarry LP increased its holdings in KKR & Co. Inc. by 95.3% during the 2nd quarter. Quarry LP now owns 459 shares of the asset manager's stock worth $26,000 after purchasing an additional 224 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.