KKR & Co. Inc. (NYSE:KKR) Stock Rated Equal Weight in New Coverage at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a report issued on Friday, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $97.00 target price on the asset manager’s stock.

Several other research firms have also commented on KKR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of KKR & Co. Inc. in a research report on Friday, September 11th. Keefe, Bruyette & Woods raised KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Argus lifted their target price on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada upped their price target on shares of KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Barclays increased their price target on shares of KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.46.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $90.35 on Friday. The stock’s 50-day moving average is $103.52 and its two-hundred day moving average is $98.57. The firm has a market cap of $81.10 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 0.81 and a beta of 1.83. KKR & Co. Inc. has a 1 year low of $82.67 and a 1 year high of $144.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $2.55 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.During the same quarter in the previous year, the firm earned $1.18 earnings per share. Analysts predict that KKR & Co. Inc. will post 5.95 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Monday, August 10th were issued a $0.1950 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.9%. KKR & Co. Inc.’s payout ratio is presently 24.84%.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the completion of the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors have recently bought and sold shares of KKR. Principal Financial Group Inc. lifted its stake in shares of KKR & Co. Inc. by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 19,507,741 shares of the asset manager’s stock worth $1,804,470,000 after acquiring an additional 1,261,314 shares during the period. First Manhattan CO. LLC. raised its holdings in KKR & Co. Inc. by 0.8% during the fourth quarter. First Manhattan CO. LLC. now owns 8,597,044 shares of the asset manager’s stock worth $1,095,951,000 after purchasing an additional 67,441 shares in the last quarter. Capital Research Global Investors lifted its position in KKR & Co. Inc. by 0.4% in the fourth quarter. Capital Research Global Investors now owns 5,602,262 shares of the asset manager’s stock valued at $714,195,000 after purchasing an additional 23,483 shares during the period. Legal & General Group Plc acquired a new stake in KKR & Co. Inc. in the second quarter valued at about $470,778,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in KKR & Co. Inc. by 2.1% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 3,877,794 shares of the asset manager’s stock valued at $494,341,000 after purchasing an additional 79,449 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. News Summary

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Goldman Sachs maintained its Buy rating on KKR, while trimming its price target modestly to $125 from $127. The target still implies substantial upside and reinforces Goldman’s constructive view of KKR’s asset-management platform. Goldman Sachs Adjusts KKR Price Target
• Positive Sentiment: KKR made a majority investment in Cisternina, aiming to build a pan-India liquid-storage and logistics platform. The deal expands KKR’s exposure to infrastructure and logistics, although financial terms were not disclosed. KKR Investment in Cisternina
• Positive Sentiment: KKR completed its previously announced joint venture with Thomson Reuters for the Global Print business. The resulting independent company, Westbridge Print, serves legal, tax and publishing customers across 13 countries, adding another completed transaction to KKR’s portfolio. Thomson Reuters and KKR Complete Global Print Joint Venture
• Neutral Sentiment: Wells Fargo initiated coverage of KKR with an Equal Weight rating and a $97 price target, representing potential upside but signaling a balanced view rather than an outright Buy recommendation. Wells Fargo also initiated coverage of KKR’s preferred security at Equal Weight. Wells Fargo Initiates KKR Coverage
• Neutral Sentiment: KKR remains associated with strong compensation levels in London’s private-equity market, but the report offers limited direct information about earnings, fundraising or investment performance. Private Equity Compensation in London
• Negative Sentiment: The Wells Fargo Equal Weight initiation may be weighing on sentiment because it adds a more cautious view to KKR’s analyst coverage, even though its target is above the current share price.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, financial advisers, and other clients. The company invests across private equity, credit, infrastructure, real estate, and other strategies, seeking to generate long-term value through investments in businesses and assets.

Its activities include acquiring and supporting companies through private equity funds, providing private and public credit solutions, investing in infrastructure projects, and managing real estate investments.