Barclays Increases KKR & Co. Inc. (NYSE:KKR) Price Target to $114.00

KKR & Co. Inc. (NYSE:KKR) had its price target raised by research analysts at Barclays from $113.00 to $114.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the asset manager’s stock. Barclays‘s price objective suggests a potential upside of 19.99% from the stock’s current price.

Several other equities research analysts have also recently issued reports on KKR. TD Cowen raised their target price on shares of KKR & Co. Inc. to $144.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Wells Fargo & Company raised their price target on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. StockNews.com upgraded KKR & Co. Inc. from a “sell” rating to a “hold” rating in a research report on Thursday. JMP Securities raised 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 report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $104.00 price target on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

KKR & Co. Inc. Stock Down 2.2 %

KKR & Co. Inc. stock traded down $2.12 during trading hours on Thursday, hitting $95.01. The stock had a trading volume of 5,831,690 shares, compared to its average volume of 3,719,035. The stock’s 50-day moving average price is $97.61 and its 200-day moving average price is $84.30. The stock has a market capitalization of $84.08 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.90 and a beta of 1.62. KKR & Co. Inc. has a 12-month low of $47.79 and a 12-month high of $103.48. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.82.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings data 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. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 19.38% and a return on equity of 4.45%. Equities research analysts anticipate that KKR & Co. Inc. will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were bought 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 of the company’s stock, valued at approximately $10,705,719.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company’s stock, valued at approximately $10,705,719.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were 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. 39.34% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KKR. Blue Trust Inc. raised its holdings in shares of KKR & Co. Inc. by 197.2% in 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 in the last quarter. Riverview Trust Co purchased a new position in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at about $30,000. Missouri Trust & Investment Co lifted its position in shares of KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager’s stock worth $38,000 after purchasing an additional 368 shares during the period. Finally, First United Bank & Trust bought a new position in shares of KKR & Co. Inc. during the fourth quarter valued at approximately $41,000. Institutional investors 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.