Piper Sandler Initiates Coverage on KKR & Co. Inc. (NYSE:KKR)

Analysts at Piper Sandler initiated coverage on shares of KKR & Co. Inc. (NYSE:KKR - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The firm set an "overweight" rating and a $150.00 price target on the asset manager's stock. Piper Sandler's target price indicates a potential upside of 11.51% from the company's current price.

Other analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Bank of America decreased their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a report on Friday, April 4th. HSBC upgraded KKR & Co. Inc. from a "hold" rating to a "buy" rating and decreased their price target for the company from $170.00 to $119.00 in a research report on Tuesday, April 15th. Finally, TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of "Buy" and an average price target of $149.47.

KKR & Co. Inc. Stock Up 2.0%

Shares of KKR stock opened at $134.52 on Monday. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The business's fifty day moving average is $120.23 and its 200-day moving average is $129.16. The stock has a market cap of $119.81 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (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 firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned $0.97 earnings per share. KKR & Co. Inc.'s revenue was down 67.8% compared to the same quarter last year. Equities analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the transaction, the chairman now directly owns 73,006,022 shares in the company, valued at $8,882,642,696.74. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the completion of the sale, the insider now directly owns 13,260,971 shares of the company's stock, valued at $453,525,208.20. This represents a 31.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,471,488 shares of company stock worth $501,529,092 over the last 90 days. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of KKR & Co. Inc. by 109.6% during the 4th quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager's stock worth $689,000 after buying an additional 2,437 shares during the period. Oppenheimer Asset Management Inc. lifted its position in KKR & Co. Inc. by 0.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 16,427 shares of the asset manager's stock worth $2,430,000 after acquiring an additional 69 shares during the last quarter. Flputnam Investment Management Co. bought a new stake in KKR & Co. Inc. during the fourth quarter valued at about $215,000. SVB Wealth LLC acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at about $1,681,000. Finally, Fisher Asset Management LLC bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $245,000. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.