KKR & Co. Inc. Price Target Raised by Wells Fargo

KKR & Co. Inc. (NYSE:KKR) recently saw its target price adjusted by analysts at Wells Fargo & Company, increasing from $139.00 to $152.00. This update was detailed in a report issued on Friday, according to Benzinga. Notably, Wells Fargo currently rates KKR's stock as "equal weight," indicating a balanced outlook on the asset manager. The new price target implies a potential upside of approximately 8.66% based on KKR's current market price.

Other analysts have also weighed in on KKR's stock in recent weeks. For instance, JMP Securities revised their price objective from $135.00 to $150.00 and assigned a "market outperform" rating on October 9th. Meanwhile, Redburn Atlantic began their coverage of KKR on August 27th, setting a "buy" rating with a price target of $153.00.

HSBC also initiated coverage on KKR on September 18th with a "buy" rating and a price objective of $148.00. Oppenheimer reported an increase in their target price from $128.00 to $148.00, maintaining an "outperform" rating on October 16th. On the other hand, StockNews.com downgraded KKR to a "sell" rating on October 7th. Overall, one analyst rated the stock as a sell, two analysts issued hold ratings, while twelve gave it buy ratings and two assigned strong buy ratings.

According to MarketBeat.com, KKR's stock has garnered an average rating of "Moderate Buy" among analysts along with an average price target of $151.29.

Current Stock Performance

As of Friday, KKR's shares opened at $139.88. The stock has recorded a 52-week low of $53.72 and a high of $147.15. KKR boasts a market capitalization of $124.14 billion alongside a price-to-earnings (PE) ratio of 32.99 and a price-to-earnings-growth (PEG) ratio of 1.20. The company's beta is 1.62, indicating high volatility in stock price. KKR has a debt-to-equity ratio of 0.86 and a quick ratio of 0.07. Its fifty-day moving average stands at $128.49, while the 200-day moving average is at $114.00.

KKR recently reported its quarterly earnings on October 24th, revealing earnings of $1.38 per share, which exceeded the analysts' estimated earnings of $1.03 by a significant margin. The firm generated revenue of $4.79 billion, far surpassing projections of $1.23 billion. The return on equity for KKR was reported at 5.05%, alongside a net margin of 17.99%. In the same quarter last year, KKR reported earnings of $0.73 per share. Analysts forecast KKR will report an EPS of 3.97 for the ongoing fiscal year.

Insider Activity

In terms of insider transactions, Genetic Disorder L.P. KKR, a major shareholder, divested 5,800,000 shares of KKR's stock on September 13th at an average price of $25.75, resulting in a sales total of $149,350,000. Following this transaction, they now hold 25,260,971 shares valued at approximately $650.47 million. This sale represented a negligible decrease in their stake.

On the other side, KKR Group Partnership L.P. acquired 11,619,998 shares at an average of $11.13 each on September 11th, spending roughly $129,330,577.74. This acquisition increased their ownership to 92,959,984 shares, valued at about $1.03 billion. Insider holdings constitute 39.34% of the total company stock.

Hedge Fund Activities

Hedge fund activity regarding KKR has also seen shifts recently. Versant Capital Management Inc. significantly increased its stake by 622.9% in the second quarter by adding 253 shares, bringing its total to 253 shares worth around $27,000. Mather Group LLC raised their holdings by 371.4% during the same period, totaling 264 shares, also valued at $27,000. ORG Wealth Partners LLC purchased a new stake valued at approximately $31,000 in the third quarter. Likewise, Raleigh Capital Management Inc. grew its position in KKR by 56.7%, now holding 235 shares worth $31,000. Finally, Eastern Bank also acquired a new stake valued at around $34,000. Institutional investors and hedge funds currently own about 76.26% of KKR's shares.

About KKR & Co. Inc.

KKR & Co. Inc. is a private equity and real estate investment firm focused on direct and fund of fund investments. The firm specializes in a variety of investment strategies, including acquisitions, leveraged buyouts, management buyouts, credit special situations, and growth equity. Additionally, KKR is involved in middle and lower middle market investments.

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