KKR & Co. Inc. (NYSE:KKR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

KKR & Co. Inc. (NYSE:KKR) had its price target lifted by analysts at Wells Fargo & Company from $152.00 to $163.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the asset manager’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 5.61% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley upped their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Oppenheimer lifted their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup upped their price objective on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Redburn Atlantic assumed coverage on shares of KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.21.

KKR & Co. Inc. Trading Down 0.9 %

Shares of KKR & Co. Inc. stock opened at $154.34 on Thursday. The firm’s 50 day simple moving average is $147.22 and its two-hundred day simple moving average is $126.49. The firm has a market capitalization of $137.09 billion, a price-to-earnings ratio of 47.00, a PEG ratio of 1.25 and a beta of 1.63. KKR & Co. Inc. has a 12-month low of $78.95 and a 12-month high of $163.68. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.35. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. During the same period last year, the business posted $0.73 earnings per share. Analysts predict that KKR & Co. Inc. will post 4.16 EPS for the current year.

Institutional Investors Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Wealth Management LLC MS acquired a new position in KKR & Co. Inc. in the 3rd quarter valued at about $623,000. Garden State Investment Advisory Services LLC acquired a new position in KKR & Co. Inc. in the third quarter valued at approximately $209,000. Retirement Systems of Alabama grew its position in KKR & Co. Inc. by 0.5% in the third quarter. Retirement Systems of Alabama now owns 147,493 shares of the asset manager’s stock worth $19,260,000 after acquiring an additional 678 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in KKR & Co. Inc. during the third quarter worth $13,967,000. Finally, American Trust purchased a new stake in KKR & Co. Inc. in the third quarter valued at $202,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.