Oppenheimer Raises KKR & Co. Inc. (NYSE:KKR) Price Target to $162.00

KKR & Co. Inc. (NYSE:KKR - Get Free Report) had its price objective upped by stock analysts at Oppenheimer from $149.00 to $162.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the asset manager's stock. Oppenheimer's price objective suggests a potential upside of 15.71% from the company's previous close.

Several other research analysts also recently issued reports on the stock. JMP Securities reiterated a "market perform" rating and set a $150.00 price target on shares of KKR & Co. Inc. in a research report on Monday. Citigroup boosted their target price on shares of KKR & Co. Inc. from $132.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America decreased their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Barclays raised their price target on shares of KKR & Co. Inc. from $141.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $140.00 to $156.00 and gave the stock an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.33.

KKR & Co. Inc. Price Performance

KKR & Co. Inc. stock traded down $1.05 during trading hours on Monday, hitting $140.01. 1,114,480 shares of the stock were exchanged, compared to its average volume of 4,229,568. The stock has a market capitalization of $124.69 billion, a P/E ratio of 59.05, a P/E/G ratio of 1.59 and a beta of 1.88. The business's 50-day moving average is $125.56 and its two-hundred day moving average is $128.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $0.97 EPS. KKR & Co. Inc.'s revenue for the quarter was down 67.8% on a year-over-year basis. Equities research analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

Insider Activity at KKR & Co. Inc.

In other news, Director Robert W. Scully bought 13,250 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $113.49 per share, with a total value of $1,503,742.50. Following the completion of the purchase, the director owned 13,250 shares of the company's stock, valued at approximately $1,503,742.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy R. Barakett bought 35,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director owned 185,000 shares of the company's stock, valued at approximately $21,815,200. This trade represents a 23.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is owned by company insiders.

Institutional Trading of KKR & Co. Inc.

A number of large investors have recently made changes to their positions in KKR. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 1.5% in the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock valued at $6,654,245,000 after purchasing an additional 870,176 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after acquiring an additional 2,391,434 shares during the last quarter. Geode Capital Management LLC boosted its position in KKR & Co. Inc. by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock worth $2,073,624,000 after acquiring an additional 458,048 shares during the last quarter. FMR LLC grew its stake in shares of KKR & Co. Inc. by 6.7% during the 4th quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $1,435,314,000. 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.

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