KKR & Co. Inc. (NYSE:KKR) Price Target Increased to $114.00 by Analysts at Barclays

KKR & Co. Inc. (NYSE:KKR) had its price target increased by investment analysts at Barclays from $113.00 to $114.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Barclays‘s price target would indicate a potential upside of 17.68% from the company’s previous close.

KKR has been the subject of a number of other research reports. TD Cowen increased their target price on KKR & Co. Inc. to $144.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. JMP Securities upped their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, StockNews.com raised shares of KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of “Moderate Buy” and a consensus target price of $91.00.

KKR & Co. Inc. Trading Up 1.8 %

KKR traded up $1.75 during trading on Thursday, hitting $96.87. 3,816,421 shares of the company’s stock were exchanged, compared to its average volume of 3,480,317. KKR & Co. Inc. has a 1 year low of $47.79 and a 1 year high of $103.48. The stock has a 50 day moving average price of $97.60 and a 200 day moving average price of $83.97. The firm has a market cap of $85.73 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 0.86 and a beta of 1.62. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $995.64 million. As a group, analysts expect that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of KKR & Co. Inc. stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $24.94 per share, for a total transaction of $7,142,865.88. Following the completion of the purchase, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the transaction, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $9.87, for a total transaction of $136,206,000.00. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of KKR & Co. Inc. by 197.2% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 211 shares during the period. Riverview Trust Co bought a new stake in KKR & Co. Inc. in the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Missouri Trust & Investment Co boosted its stake in KKR & Co. Inc. by 408.9% during the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust bought a new position in KKR & Co. Inc. in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 76.26% of the company’s stock.

KKR & Co. Inc. Company Profile

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.