KKR & Co. Inc. (NYSE:KKR) Now Covered by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of KKR & Co. Inc. (NYSE:KKR) in a research report issued on Thursday, Briefing.com reports. The brokerage set an “equal weight” rating and a $130.00 price target on the asset manager’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 9.26% from the company’s previous close.

Several other analysts also recently commented on KKR. TD Cowen lifted their target price on shares of KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price objective on KKR & Co. Inc. from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a research note on Tuesday, August 13th. Oppenheimer boosted their price target on KKR & Co. Inc. from $121.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $144.00 price objective (up previously from $125.00) on shares of KKR & Co. Inc. in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average target price of $126.86.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $118.98 on Thursday. KKR & Co. Inc. has a one year low of $53.72 and a one year high of $128.79. The company has a market cap of $105.59 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62. The firm has a 50-day moving average of $116.04 and a 200-day moving average of $106.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.07 and a quick ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last posted its earnings results on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts forecast that KKR & Co. Inc. will post 4.01 earnings per share for the current year.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. sold 2,554,644 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $18.85, for a total transaction of $48,155,039.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. raised its holdings in shares of KKR & Co. Inc. by 12.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,900 shares of the asset manager’s stock worth $305,000 after acquiring an additional 311 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the second quarter worth approximately $7,444,000. New Century Financial Group LLC bought a new stake in KKR & Co. Inc. during the second quarter worth $376,000. Cetera Investment Advisers grew its stake in shares of KKR & Co. Inc. by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after acquiring an additional 5,309 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of KKR & Co. Inc. by 3.1% during the second quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 129 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.