KKR & Co Inc (NYSE:KKR) has been assigned a $28.00 price objective by stock analysts at Barclays in a research report issued on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the asset manager’s stock. Barclays‘s target price suggests a potential upside of 7.24% from the stock’s current price.
A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets started coverage on shares of KKR & Co Inc in a research note on Monday, October 7th. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research cut shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday. Citigroup set a $34.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co raised their price objective on shares of KKR & Co Inc from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Goldman Sachs Group raised their price objective on shares of KKR & Co Inc from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. KKR & Co Inc has an average rating of “Hold” and an average target price of $31.19.
Shares of KKR traded down $0.19 during mid-day trading on Friday, reaching $26.11. 32,448 shares of the company’s stock were exchanged, compared to its average volume of 3,239,191. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92. The company has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $25.12. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $29.95. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 7.61 and a beta of 1.66.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $445.34 million. During the same period last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, equities research analysts predict that KKR & Co Inc will post 1.67 EPS for the current fiscal year.
In other KKR & Co Inc news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total value of $2,619,000.00. Following the completion of the sale, the general counsel now directly owns 73,528 shares of the company’s stock, valued at approximately $1,925,698.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.52, for a total transaction of $279,255,192.16. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in KKR & Co Inc by 35.2% in the 2nd quarter. Invesco Ltd. now owns 4,102,481 shares of the asset manager’s stock worth $103,670,000 after acquiring an additional 1,067,234 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of KKR & Co Inc by 46.9% in the 1st quarter. Clearbridge Investments LLC now owns 353,143 shares of the asset manager’s stock valued at $8,295,000 after purchasing an additional 112,827 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of KKR & Co Inc in the 2nd quarter valued at $214,000. PenderFund Capital Management Ltd. boosted its holdings in shares of KKR & Co Inc by 24.0% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 614,940 shares of the asset manager’s stock valued at $16,634,000 after purchasing an additional 119,000 shares during the last quarter. Finally, Flinton Capital Management LLC acquired a new position in shares of KKR & Co Inc in the 2nd quarter valued at $306,000. 76.79% of the stock is owned by hedge funds and other institutional investors.
About KKR & Co Inc
KKR & Co L.P. 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.
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