Oppenheimer Forecasts Strong Price Appreciation for KKR & Co. Inc. (NYSE:KKR) Stock

KKR & Co. Inc. (NYSE:KKR) had its price target lifted by stock analysts at Oppenheimer from $149.00 to $162.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Oppenheimer’s price objective would suggest a potential upside of 18.19% from the stock’s previous close.

A number of other equities analysts have also weighed in on KKR. JMP Securities restated a “market perform” rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday. Piper Sandler initiated coverage on KKR & Co. Inc. in a research report on Monday, June 30th. They set an “overweight” rating and a $150.00 target price on the stock. Hsbc Global Res cut KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Finally, Barclays upped their price target on KKR & Co. Inc. from $141.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.33.

KKR & Co. Inc. Stock Down 1.7%

Shares of KKR & Co. Inc. stock opened at $137.07 on Monday. The business has a fifty day simple moving average of $126.52 and a 200 day simple moving average of $128.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a market cap of $122.08 billion, a PE ratio of 57.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a 12 month low of $86.15 and a 12 month high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The firm’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. Research analysts predict that KKR & Co. Inc. will post 5.19 EPS for the current year.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the completion of the sale, the chairman directly owned 82,171,884 shares in the company, valued at approximately $9,844,191,703.20. The trade was a 1.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Henry R. Kravis sold 130,925 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $121.67, for a total value of $15,929,644.75. Following the completion of the sale, the chairman directly owned 73,006,022 shares in the company, valued at approximately $8,882,642,696.74. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,471,488 shares of company stock worth $501,529,092. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KKR. McIlrath & Eck LLC bought a new position in KKR & Co. Inc. in the 4th quarter worth about $26,000. Saudi Central Bank bought a new position in shares of KKR & Co. Inc. during the 1st quarter worth about $28,000. Mascagni Wealth Management Inc. bought a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth about $34,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $36,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.