KKR & Co. Inc. (NYSE:KKR) PT Raised to $155.00 at JMP Securities

KKR & Co. Inc. (NYSE:KKR) had its target price hoisted by investment analysts at JMP Securities from $150.00 to $155.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the asset manager’s stock. JMP Securities’ price objective would indicate a potential upside of 10.15% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of KKR & Co. Inc. from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen increased their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research note on Friday. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. Evercore ISI boosted their target price on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $144.00 price target (up from $125.00) on shares of KKR & Co. Inc. in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $151.64.

KKR & Co. Inc. Stock Up 0.6 %

KKR stock opened at $140.72 on Tuesday. The stock has a 50-day simple moving average of $128.90 and a two-hundred day simple moving average of $114.48. KKR & Co. Inc. has a twelve month low of $54.14 and a twelve month high of $147.15. The firm has a market capitalization of $124.88 billion, a PE ratio of 31.55, a PEG ratio of 1.20 and a beta of 1.62. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.86.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 EPS for the quarter, beating the consensus estimate of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.73 EPS. On average, equities analysts predict that KKR & Co. Inc. will post 3.97 EPS for the current fiscal 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 business’s stock in a transaction on 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 of the company’s stock, valued at approximately $650,470,003.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 25,260,971 shares of the company’s stock, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares of the company’s stock, valued at $1,034,644,621.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 39.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KKR. Versant Capital Management Inc increased its stake in shares of KKR & Co. Inc. by 622.9% during the second quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 218 shares in the last quarter. Mather Group LLC. grew its stake in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at approximately $31,000. Raleigh Capital Management Inc. raised its stake in KKR & Co. Inc. by 56.7% during the third quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares during the last quarter. Finally, Eastern Bank bought a new stake in KKR & Co. Inc. in the third quarter worth $34,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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.