The Goldman Sachs Group Increases KKR & Co. Inc. (NYSE:KKR) Price Target to $160.00

KKR & Co. Inc. (NYSE:KKR) had its target price lifted by The Goldman Sachs Group from $145.00 to $160.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the asset manager’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 14.38% from the company’s previous close.

KKR has been the subject of several other research reports. JMP Securities raised their target price on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. StockNews.com raised KKR & Co. Inc. to a “sell” rating in a report on Monday, October 7th. Argus raised shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Thursday, August 1st. HSBC assumed coverage on shares of KKR & Co. Inc. in a research report on Wednesday, September 18th. They set a “buy” rating and a $148.00 target price for the company. Finally, Citigroup boosted their price target on shares of KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.29.

KKR & Co. Inc. Trading Down 2.4 %

Shares of KKR & Co. Inc. stock opened at $139.88 on Friday. KKR & Co. Inc. has a 52-week low of $53.72 and a 52-week high of $147.15. The firm has a market capitalization of $124.14 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07. The company’s fifty day moving average price is $128.49 and its two-hundred day moving average price is $114.00.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $1.23 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, analysts expect that KKR & Co. Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the transaction, the insider now directly owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $11.13 per share, with a total value of $129,330,577.74. Following the purchase, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of KKR & Co. Inc. stock in a transaction on Friday, September 13th. The stock was sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now directly owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Several hedge funds have recently added to or reduced their stakes in the stock. GQG Partners LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter valued at about $217,004,000. Canada Pension Plan Investment Board increased its stake in KKR & Co. Inc. by 198.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. Bank of New York Mellon Corp increased its stake in KKR & Co. Inc. by 64.7% in the second quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock valued at $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. APG Asset Management N.V. acquired a new stake in KKR & Co. Inc. in the second quarter worth $154,468,000. Finally, Capital World Investors boosted its position in shares of KKR & Co. Inc. by 7.4% during the first quarter. Capital World Investors now owns 16,644,897 shares of the asset manager’s stock worth $1,674,144,000 after purchasing an additional 1,139,784 shares in the last quarter. Institutional investors and hedge funds 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.