KKR & Co. Inc. (NYSE:KKR) Coverage Initiated by Analysts at Wells Fargo & Company

Investment analysts at Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm set an “equal weight” rating and a $130.00 price target on the asset manager’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 9.26% from the stock’s current price.

KKR has been the subject of several other reports. TD Cowen boosted their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus raised KKR & Co. Inc. to a “strong-buy” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price target on shares of KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Redburn Atlantic started coverage on shares of KKR & Co. Inc. in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Finally, JMP Securities lifted their target price on shares of KKR & Co. Inc. from $115.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.86.

KKR & Co. Inc. Trading Up 0.6 %

KKR & Co. Inc. stock opened at $118.98 on Thursday. KKR & Co. Inc. has a 52 week low of $53.72 and a 52 week high of $128.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $105.59 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 0.97 and a beta of 1.62. The company has a 50 day moving average price of $116.04 and a 200 day moving average price of $106.34.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 4.01 EPS for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $18.85, for a total transaction of $48,155,039.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

A number of institutional investors have recently modified their holdings of the stock. Gilbert & Cook Inc. increased its holdings in shares of KKR & Co. Inc. by 5.8% in the fourth quarter. Gilbert & Cook Inc. now owns 14,530 shares of the asset manager’s stock valued at $1,204,000 after purchasing an additional 792 shares in the last quarter. Private Advisor Group LLC lifted its stake in KKR & Co. Inc. by 1.9% in the fourth quarter. Private Advisor Group LLC now owns 13,829 shares of the asset manager’s stock valued at $1,146,000 after buying an additional 262 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in KKR & Co. Inc. by 306.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 4,134 shares of the asset manager’s stock valued at $343,000 after purchasing an additional 3,116 shares during the period. AGF Management Ltd. increased its stake in KKR & Co. Inc. by 2.1% in the fourth quarter. AGF Management Ltd. now owns 9,418 shares of the asset manager’s stock valued at $780,000 after purchasing an additional 195 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of KKR & Co. Inc. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,239,911 shares of the asset manager’s stock valued at $102,737,000 after purchasing an additional 58,027 shares in the last quarter. 76.26% of the stock is owned by institutional investors.

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.