KKR & Co. Inc. (NYSE:KKR) Rating Reiterated by Keefe, Bruyette & Woods

KKR & Co. Inc. (NYSE:KKR)‘s stock had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, Benzinga reports. They presently have a $116.00 target price on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.60% from the company’s previous close.

Other analysts have also recently issued reports about the company. JMP Securities increased their target price on 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. Jefferies Financial Group lowered their target price on KKR & Co. Inc. from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of KKR & Co. Inc. from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. StockNews.com cut shares of KKR & Co. Inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, Barclays raised their price target on shares of KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.43.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $108.82 on Friday. The stock has a 50-day moving average of $102.08 and a 200-day moving average of $94.60. KKR & Co. Inc. has a one year low of $52.95 and a one year high of $113.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $96.57 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). KKR & Co. Inc. had a return on equity of 4.52% and a net margin of 19.38%. The business had revenue of $986.51 million for the quarter, compared to the consensus estimate of $989.14 million. As a group, sell-side analysts expect that KKR & Co. Inc. will post 4.04 earnings per share for the current year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc purchased 571,429 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of $25.00 per share, with a total value of $14,285,725.00. Following the acquisition, the insider now directly owns 1,000,687 shares of the company’s stock, valued at approximately $25,017,175. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total transaction of $1,458,800,000.00. Following the transaction, the insider now owns 366,567 shares in the company, valued at approximately $30,557,025.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Kkr Alternative Assets Llc acquired 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $14,285,725.00. Following the transaction, the insider now directly owns 1,000,687 shares in the company, valued at $25,017,175. The disclosure for this purchase can be found here. Insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KKR. Ramirez Asset Management Inc. bought a new position in KKR & Co. Inc. during the 3rd quarter worth $62,000. Vanguard Group Inc. increased its position in shares of KKR & Co. Inc. by 1.2% in the third quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager’s stock worth $2,460,381,000 after purchasing an additional 475,118 shares during the period. CoreFirst Bank & Trust bought a new position in shares of KKR & Co. Inc. in the third quarter worth $58,000. Wellington Management Group LLP increased its position in shares of KKR & Co. Inc. by 297.0% in the third quarter. Wellington Management Group LLP now owns 5,072,541 shares of the asset manager’s stock worth $312,469,000 after purchasing an additional 3,794,837 shares during the period. Finally, American Century Companies Inc. increased its position in shares of KKR & Co. Inc. by 11.7% in the third quarter. American Century Companies Inc. now owns 92,950 shares of the asset manager’s stock worth $5,726,000 after purchasing an additional 9,763 shares during the period. 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.